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0 t'4 !7� <br /> s� <br /> West Ten Soccer Complex <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 for the development of a six-field <br /> soccer complex adjacent to the Orange County Middle School #3 site <br /> through a collaborative effort between Orange County and Orange County <br /> Schools. Proceeds from the 2001 voter approved Soccer Superfund <br /> bonds and 2004 Two-thirds net debt reduction bonds will finance this <br /> project. <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 /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Sales Tax $0 $0 $0 <br /> 2001 Bonds $0 $0 $0 <br /> 2004 Two-Thirds Net Debt $0 $350,000 $350,000 <br /> Fees $0 $0 $0 <br /> Transfer from Soccer <br /> Superfund 2001 Bonds $1,350,000 $0 $1,350,000 <br /> Total Funding $1,350,000 $350,000 $1,700,000 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Land Acquisition $508,500 $0 $508,500 <br /> Planning/Arch/Engineering $119,000 $0 $119,000 <br /> Construction $722,500 $350,000 $1,072,500 <br /> Other $0 $0 $0 <br /> Total Costsl $1,350,000 $350,000 $1,700,000 <br /> Section 5. This ordinance shall be in effect until June 30, 2006. <br /> Adopted this 15th day of November 2005. <br />