Agenda - 06-21-2011 - 5w - Laserfiche WebLink

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The Aquatics Center and Southern Community Park 4 6. As part of the 2001 Bonds, the County provided funding jointly with the Town of Chapel Hill to construct the Aquatics Center and Southern Community Park. Due to the timing and completion of several items related to both projects, additional payments to closeout these projects were necessary. Under the terms of the agreement, the Town of Chapel Hill would pay the invoices and then the County would reimburse the Town of Chapel Hill for the costs incurred. The County has closed out these projects due to inactivity. This budget amendment provides fora fund balance appropriation of $121,542 from the General Fund in order to pay and close out all costs related to these projects for both the Town of Chapel Hill and the County and amends the Capital Projects as stated below. The Town of Chapel Hill will sign an acknowledgement that all costs of the project have been submitted and the projects are closed. (See Attachment 1, Column 5) The Aquatics Center: (Project #20009) Revenues for this ro'ect: FY 2010-11 Current Bud et FY 2010-11 Amendment FY 2010-11 Revised Transfer From General Fund $0 $83,346 $83,346 Total Pro'ect Fundin $0 $83,346 $83,346 Appropriated for this project: FY 2010-11 Current Budget FY 2010-11 Amendment FY 2010-11 Revised Construction $0 $83,346 $83,346 Total Costs $0 $83,346 $83,346 Southern Community Park Project: (Project #20021) Revenues for this project: FY 2010-11 Current Bud et FY 2010-11 Amendment FY 2010-11 Revised Transfer from General Fund $0 $38,196 $38,196 Total Pro'ect Fundin $0 $38,196 $38,196 Appropriated for this project: FY 2010-11 Current Budget FY 2010-11 Amendment FY 2010-11 Revised Renovations $0 $38,196 $38,196 Total Costs $0 $38,196 $38,196