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l <br />Orange County Satellite Campus of Durham Technical Community College <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners 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 the County's portion of land and construction <br />costs for an Orange County satellite campus for Durham Technical Community <br />College. � Proceeds from a private placement loan finance the 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 following revenue is anticipated to complete this project: <br />Section 4.The following amount is appropriated for this project: <br />Through FY <br />02 -03 <br />FY 2003 -04 <br />Through FY <br />2003 -04 <br />Sales Tax <br />$0 <br />$0 <br />Bonds (2001 ) <br />$0 <br />$0 <br />Impact Fees <br />$0 <br />$0 <br />Private Placement <br />$1,000,000 <br />$1,000,000 <br />Other <br />$0 <br />$0 <br />$0 <br />Total Fundingl <br />$1,000,000 <br />$0 <br />$1,000,000 <br />Section 4.The following amount is appropriated for this project: <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2005. <br />Adopted this 26th day of June 2003. <br />Through FY <br />02 -03 <br />FY 2003 -04 <br />Through FY <br />2003 -04 <br />Land <br />$1,000,000 <br />$1,000,000 <br />Design <br />$0 <br />$0 <br />Construction <br />$0 <br />$0 <br />Other <br />$0 <br />$0 <br />Total Costs <br />$1,000,000 <br />$0 <br />$1,000,000 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2005. <br />Adopted this 26th day of June 2003. <br />