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Affordable Housing Program F b b <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 /> hrough FY Through <br /> 1999-00 FY 2000-01 2000-01 <br /> Sales Tax <br /> Bond un $937-,SW <br /> Private Placement <br /> Fees <br /> Other <br /> Total un mg , , <br /> Section 4. The following amount is appropriated for this project: <br /> hrough k Y I hrough <br /> 1999-00 FY 2000-01 2000-01 <br /> Land <br /> EmPOWERment sgo,UOT $0 , $90,000 <br /> Habitat for Humanity $460,000 $0 $460,000 <br /> Motal Land <br /> Design <br /> Construction <br /> car ett Drive $140,000 $0 $140,000 <br /> EmPOWERment , <br /> --To—tal Construction $247,500 <br /> Other <br /> Total osts $690,01 $247,50TI $937,500 <br /> Section 5. This ordinance supersedes previous Affordable Housing Capital Project Ordinances for <br /> Orange County Government. <br /> Section 6. This ordinance shall remain in effect until June 30,2001. <br /> Adopted this 29d`day of June 2000. <br />