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34 <br /> Utility Extension Development Project <br /> Capital Project Ordinance <br /> Project Number 61-902 <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 to finance utility extensions for <br /> commercial entities thereby encouraging economic development within the <br /> County. As various projects are completed, a portion of the resultant property <br /> tax revenue will be used to 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 krY l'brough FY <br /> 1998-99 FY 1999-00 1999-00 <br /> es ax $0 , <br /> an Funds $0 <br /> Private Placement $0 $0 $ <br /> Tees <br /> other $155,000 $27,W $180,000 <br /> Total;un: Ing $155,0 $25,01JU SIRTW <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY fhrough kY <br /> 1998-99 FY 1999-00 1999-00 <br /> Land/Building $0 $0 <br /> Design $0 $0 <br /> construction $0 $0 <br /> a WE S155,000 $25,0 $180,000 <br /> Total Costs $155,000 575,000 $180'p <br /> Section 5. This ordinance supersedes all previous Utility Extension Development Capital <br /> Project Ordinances for Orange County. <br /> Section 6. This ordinance originally adopted June 29, 1993 and subsequently amended <br /> shall be in effect until June 30,2000. <br /> Adopted this 21 st day of March 2000. <br />