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ORD-2005-210 -Triangle SportsPlex Annual Contract and Reserve Capital Project Ordinance
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ORD-2005-210 -Triangle SportsPlex Annual Contract and Reserve Capital Project Ordinance
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Last modified
8/19/2016 3:25:13 PM
Creation date
1/24/2011 2:35:14 PM
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BOCC
Date
12/13/2005
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
5e
Document Relationships
Agenda - 12-13-2005-5e
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 12-13-2005
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/,I -�� ATTACHMENT 6 11 <br /> O <br /> Triangle SportsPlex Annual Contract and Reserve <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 in accordance with the operational <br /> agreement of a swimming pool to serve all areas of Orange County. <br /> Proceeds from the County's portion of the one half cent sales taxes <br /> finance this 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 $4,100,000 $400,000 $4,500,000 <br /> Bond Funds $0 $0 $0 <br /> 2004 Two-Thirds Net Debt $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from General Fund $40,000 $0 $40,000 <br /> Dedicated Property Tax $0 $0 $0 <br /> Total Funding, $4,140,000 $400,000 $4,540,000 <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/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Other $40,000 $24,235 $64,235 <br /> ountn upon to Non- <br /> County Agency $4,100,000 $183,333 $4,283,333 <br /> Transfer to SportsPlex <br /> Enterprise Fund $0 $192,432 $192,432 <br /> Total Costs $4,140,000 $400,000 $4,540,000 <br /> Section 5. The County will purchase the SportsPlex facility on December 15, 2005. <br /> With that purchase, all expenditures associated with the operational <br /> management and purchase of the facility will be accounted for in the <br /> SportsPlex Enterprise Fund. Unexpended funds in the Triangle <br />
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