ORD-2000-110 Skills Development Center Project Capital Project Ordinance

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Skills Development Center Project Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to purchase a facility,perform necessary building renovations and establish a Skills Development Center located at 501/503 West Franklin Street in Chapel Hill. Final phases of the project include designing and constructing a pocket park at the Center. Proceeds from the County's portion of the one-half cent sales taxes, appropriations from the County Capital Fund Balance, and private placement funding finance this project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project; . Through roug 1999-00 FY 2000-01 2000-01 Sales Tax $124,240 4,240 Bond un s Private Placement $1,980,000 , Fees Other , Total Funding $2,175,580 , , Section 4. A portion of the available funds for this project have been transferred to the General Fund for repayment of debt service associated with the private placement funding and for upkeep and maintenance for 501 West Franklin Street. Through Through 1999-00 FY 2000-01 2000-01 Transfer to General Fund(1996-97) $119,240 $0 $119,240 Total Funding 1 $119,2401 STI $119,24T Section 5. The following amount is appropriated for this project: Through Through 1999-00 FY 2000-01 2000-01 . Und/Building , Design $131,000 $131,000 Construction $814,3401 $01 $814,340 Other 11,0tal Costs , ; Section 6. This ordinance supersedes previous Skills Development Center Capital Project Ordinances for Orange County. Section 7. This ordinance shall remain in effect from July 1, 1998 until June 30,2001. Adopted this 29`''day of June 2000.