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5
<br />Lands Legacy
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to
<br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following
<br />capital project is hereby adopted.
<br />Section 1. The project authorized provides funds to protect identified natural areas
<br />and prime forestlands, and preserve critical cultural and archaeological
<br />sites. In addition funds may be used to acquire lands for future park sites,
<br />farmland conservation easements, and nature preserves. The BOCC
<br />approves transferring $450,000 of this project to the Unallocated Project
<br />Account to be closed as of June 30, 2010. The BOCC approves the
<br />appropriation of $111,636 ($102,299 sales tax revenues and $9,337
<br />County Capital Projects Fund Balance) to replace 2001 Bond Funds.
<br />Section 2. The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br />Section 4.
<br /> Through FY
<br />2009-10 Amended June
<br />15, 2010 Through FY
<br />2009-10
<br />Sales Tax $3,966,016 ($440,663) $3,525,353
<br />1997 Bonds $2,700,000 $0 $2,700,000
<br />2001 Bonds $5,250,000 -$111,636 $5,138,364
<br />2004 Two-Thirds Net Debt $300,000 $0 $300,000
<br />Grant Funds $421,950 $0 $421,950
<br />Debt Financin $2,800,000 $0 $2,800,000
<br />Other(Transfer from Other
<br />Funds & Fund Balance)
<br />$2,241,611
<br />$102,299
<br />$2,343,910
<br />Total Funding $17,679,577 ($450,000) $17,229,577
<br />The following amount is appropriated for this project:
<br /> Through FY
<br />2009-10 Amended
<br />June15,2010 Through FY
<br />2009-10
<br />LandBuildin $15,971,564 ($450,000) $15,521,564
<br />Design $0 $0 $0
<br />Construction $0 $0 $0
<br />Eno River Confluence Pro erty $250,000 $0 $250,000
<br />Kirby Pro erty $1,458,013 $0 $1,458,013
<br />Total Costs $17,679,577 ($450,000) $17,229,577
<br />Section 5. The following amounts have been transferred to other County Capital
<br />Projects:
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