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4 <br /> Staff has not finalized park development costs at this time. The attached capital project <br /> ordinance provides for the receipt of the $262,000 park development grant from the Land <br /> and Water Conservation Fund. As cost estimates for development become more definite, <br /> staff will bring the second phase of this project forward for Board approval. <br /> Town of Chapel Hill Park Projects Capital Project Ordinance <br /> 10.After the voters approved the 1997 park bonds, the Town of Chapel Hill requested that the <br /> Board of County Commissioners appropriate $145,000 to offset costs of constructing <br /> concession/restroom building and extending utilities at the Homestead Community Park. In <br /> fiscal year 1998/99, the Board of Commissioners approved the contribution requested by the <br /> Town and indicated that the County would reimburse the Town once construction was <br /> completed. Construction has been completed, the park is now open and the Town is <br /> requesting reimbursement. The attached Town of Chapel Hill Park Projects Capital Project <br /> Ordinance provides the necessary budgetary requirement to allow the reimbursement for <br /> Homestead Community Park (see page 8 of this agenda abstract). <br /> FINANCIAL IMPACT: Financial impacts are included in the background information above. <br /> RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br /> adopt the attached budget ordinance amendments and capital project ordinances. <br />