ORD-2003-044 - Fiscal Year 2004-2004 Capital Project Ordinances and Grant Project Ordinances

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a Triangle Sportsplex Project Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds in accordance with the operational agreement of a swimming pool to serve all areas of Orange County. Proceeds from the County's portion of the one half cent sales taxes finance this project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Section 4. The following amount is appropriated for this project: Through FY 2002 -03 FY 2003 -04 Through FY 2003 -04 Sales Tax $3,300,000 $355,500 Bond Funds $0 Private Placement $0 Fees $0 $400,000 Dedicated Property Tax $0 $44,500 $3,700,000 Total Funding $3,300,000 $400,0001 $3,700,000 Section 4. The following amount is appropriated for this project: Section 5. This ordinance supersedes all previous Triangle Sportsplex Capital Project Ordinances for Orange County. Section 6. This ordinance originally adopted June 29, 1992 and subsequently amended, shall be in effect from July 1, 1998 until June 30, 2004. Adopted this 26th day of June 2003. Through FY 2002 -03 FY 2003 -04 Through FY 2003 -04 Land/Building $0 Design $0 Construction $0 Other $3,300,000 $400,000 Total Costs $3,300,000 $400,000 $3,700,000 Section 5. This ordinance supersedes all previous Triangle Sportsplex Capital Project Ordinances for Orange County. Section 6. This ordinance originally adopted June 29, 1992 and subsequently amended, shall be in effect from July 1, 1998 until June 30, 2004. Adopted this 26th day of June 2003.