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~~ <br />Homestead Aquatics Center <br />Capital Project Ardinance <br />Be it ordained by the Orange County Board of County Cammissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1.The project authorized provides funds to assist the Town of Chapel Hill with <br />construction of an indoor aquatic center at Homestead Park on Homestead Road. <br />Proceeds from the 1997 and 2001 bond funds and Town bond funds will finance <br />this project. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The fallowing revenue is anticipated to complete this project: <br /> Through FY <br />2004-OS <br />FY 2005-06 Through FY <br />1005-06 <br />Sales Tax $0 $0 $0 <br />t 997 Bond Funds $800,000 $0 $800,000 <br />2004 Two-Thirds Net Debt $3,500,000 $0 $3,500,000 <br />Grant Funds $0 $0 $0 <br />Fees $0 $0 $0 <br />Other $0 $0 $0 <br />Total Fundin $4,300,000 $0 $4,300,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />20Q1-OS <br />FY20f~06 Through FY <br />2005-06 <br />Land/Building $0 $0 $0 <br />Design $0 $0 $0 <br />CAnstruction $0 $0 $Q <br />Contribution to Chapel H'iIl $4,300,000 $0 $4,300, <br />Total Costs $4,300,000 $0 $4,300,000 <br />