ORD-2005-152a - Bolan Creek Greenway Joint Town Co Open Space Greenway Dev Capital Project Ord

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L ~,Q~~ c~ ~~~ Bolin Creek Greenway Joint TownlCounty Open Space/Greenway Development Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to extend the Bolin Creek Trail upstream of Airport Road. The extension of the existing Bolin Creek Trail would be a step towards linking the existing trail with Carrboro, the proposed woodland trail system of southern Orange County, Duke Forest, the proposed Carolina North property, and the northwest areas of Chapel Hill_ Proceeds from the 2001 voter approved bond referendum via a transfer from the Greenway Development Reserve Capital Project finance the project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The followin revenue is antici ated to com fete this ro'ect: Through FY 2804-OS FY 2005-06 Through FY 2005-06 Sales Tax $0 $0 ~ $0 2001 Bonds $0 $425,000 $425,000 2004 Two-thirds Nat Debt $0 $0 $0 Fees $0 $0 $0 Transfer from Greenway Development Reserve $75,000 $0 $75,000 Total Fundin $75,000 $425,000 $500,000 Section 4. The following amount is appropriated for this project: Through FY 1004-05 FY 2005-06 Through FY 2005-06 Land/Buildin $0 $0 $0 Planning/Architect/ Engineering $0 $D $0 Contribution to Town of Cha el Hill $75,000 $425,000 $500,000 Other $0 $0 $0 Total Costs $75,000 $425,000 $500,000 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2006. Adopted this 15th day of November 2005.