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Affordable Housing Program 25 9 <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 <br /> of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby <br /> adopted. <br /> Section 1. The project authorized provides funds to fund housing activities in the following categories: <br /> land acquisition; housing development; and homeownership. The project is financed by <br /> proceeds from the 1997 voter approved bond referendum. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within the budget <br /> contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 1998-99 FY 1999-00 1999-00 <br /> Sales Tax $0 $0 $0 <br /> Bond Funds $0 $690,000 $690,000 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Other $0 $0 $0 <br /> Total Funding $0 $690,000 $690,000 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 1998-99 FY 1999-00 1999-00 <br /> Land <br /> EmPOWERment $0 $90,000 $90,000 <br /> Habitat for Humanity $0 $460,000 $460,000 <br /> Total Land $0 $550,000 $550,000 <br /> Design $0 $0 $0 <br /> Construction <br /> Scarlett Drive $0 $140,000 $140,000 <br /> Total Construction $0 $140,000 $140,000 <br /> Other $0 $0 $0 <br /> Total Costs $0 $690,000 $690,000 <br /> Section 5. This ordinance shall remain in effect until June 30,2000. <br /> Adopted this eighteenth day of January,2000. <br />