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Utility Extension Development Project <br /> Capital Project Ordinance <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 FY Through FY <br /> 1999-00 FY 2000-01 2000-01 <br /> Sales Tax $0 $0 $0 <br /> Bond Funds $0 $0 $0 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from General Fund <br /> (property taxes) $180,000 1 $25,000 $205,000 <br /> Total Funding 1 $180,000 $25,000 $205,000 <br /> Section 4. The following amount is appropriated for this project: <br /> Through roug <br /> 1999-00 FY 2000-01 2000-01 <br /> LandBuildin $0 $0 $0 <br /> Design $0 $0 $0 <br /> Constnxtion $0 $0 $0 <br /> Other $180000 $25,000 $205000 <br /> ota osts , , <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, 2001. <br /> Adopted this 29'day of June 2000. <br />