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Orange Enterprises Capital Project <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 to construct a building addition at <br />Orange Enterprises facility on Valley Forge Road in Hillsborough. <br />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 <br />within 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 />2002 -03 <br />FY 2003 -04 <br />Through FY <br />2003 -04 <br />Sales Tax <br />$0 <br />$0 <br />Bond Funds <br />$0 <br />$0 <br />Private Placement <br />$0 <br />$0 <br />Fees <br />$0 <br />$0 <br />Other <br />$525,000 <br />$0 <br />$525,000 <br />Total Funding <br />$525,0001 <br />$0 <br />$525,000 <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 <br />24, 2003, until June 30, 2005. <br />Adopted this 26th day of June 2003. <br />Through FY <br />2002 -03 <br />FY 2003 -04 <br />Through FY <br />2003 -04 <br />Land/Building <br />$0 <br />$0 <br />Design <br />$50,000 <br />$50,000 <br />Construction <br />$475,000 <br />$475,000 <br />Other <br />$0 <br />$0 <br />Total Costs <br />1 $525,000 <br />$0 <br />$525,000 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March <br />24, 2003, until June 30, 2005. <br />Adopted this 26th day of June 2003. <br />