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County Facilities Art Reserve <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 reserve funds to allocate monies to construction <br />and renovation projects for approved art projects in County facilities. Funding for <br />individual projects is determined by the Board of County Commissioners. Proceeds <br />from the County's share of pay-as-you-go capital funds finance the project. <br />Section 2.The officers of the County are hereby directed to proceed .with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br /> Through FY <br />2007-08 <br />FY 2008-09 Through FY <br />2008-09 <br />Sales Tax and Dedicated <br />Property Tax <br />$5,000 <br />$5,000 <br />$10,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Property Tax $0 $0 $0 <br />Total Funding $5,000 $5,000 $10,000 <br />Section 4.The following amount is appropriated for this. project: <br /> Through FY <br />2007-08 <br />FY 2008-09 Through FY 2008- <br />09 <br />Land/Building $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $5,000 $5,000 $10,000 <br />Total Budget $5,000 $5,000 $10,000 <br />Section 5. This ordinance shall remain in effect until June 30, 2009. <br />Adopted this 1st day of May 2008. <br />