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e, a o - az.. G -Z 9 <br /> Loan Pool Reserve <br /> 8b 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. r <br /> Section 1. The project authorized establishes a small business loan pool to encourage entrepreneurial <br /> business activity in the County. This project provides for the County's commitment to a <br /> loan-loss reserve to address any unpaid loans. Proceeds from the County's portion of the one <br /> half cent sales taxes finance this project. <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 roug <br /> 1999-00 FY 2000-01 2000-01 <br /> Sales Tax $150,000 $0 $150,000 <br /> B and Funds $0 $0 $0 <br /> Private Placermut $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Other $0 $0 $0 <br /> Total Funding $150,000 $0 $150,000 <br /> Section 4. The following amount is appropriated for this project: <br /> Through Through <br /> 1999-00 FY 2000-01 2000-01 <br /> LancBuil ' $0 $0 $0 <br /> Design $0. $0 $0 <br /> Constrwtion $0 $0 $0 <br /> Other $150,000 $0 $150,000 <br /> Total Costs $150,000 $0 $150 000 <br /> Section 5. This ordinance supersedes all previous Loan Pool Reserve Capital Project Ordinances for <br /> Orange County. <br /> Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2001. <br /> Adopted this 29'day of June 2000. <br />