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~~ <br />Triangle Sportsplex 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 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 <br />2002-03 <br />FY 2003-04 Through FY <br />2003-04 <br />Sales Tax $3,300,000 $355,500 <br />Bond Funds $0 <br />Private Placement $0 <br />Fees $0 <br />Dedicated Pro erty Tax $0 $44,500 <br />Total Funding $3,300,000 $400,000 $3,700,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2002-03 <br />FY 2003-04 Through FY <br />2003-04 <br />LandBuilding $0 <br />Design $0 <br />Construction $0 <br />Other $3,300,000 $400,000 <br />Total Costs $3,300,000 $400,000 $3,700,000 <br />Section 5. This ordinance supersedes all previous Triangle Sportsplex Capital <br />Project Ordinances for Orange County. <br />Section 6. This ordinance originally adopted June 29, 1992 and subsequently <br />amended, shall be in effect from July 1, 1998 until June 30, 2004. <br />a~ <br />Adopted this 26th day of June 2003. <br />