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Orange High School Tennis Court Resurfacing <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 resurface tennis courts on the grounds <br />of Orange High School. In accordance with a long-standing contract between <br />Orange County and Orange County Schools, the two entities share equally in the <br />cost of court repair. Funding in this project reflects the County's anticipated <br />share of repair cost. Orange County Schools Board of Education anticipates <br />repair---work to- begin in fiscal year. 2007-08. Therefore, the County's funds <br />provided in this I project will carry forward until - - such time as the Board of <br />Education moves forward with the repairs. Proceeds from the County's share of <br />pay-as-you-go capital funds finance this project. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. <br />Section 4. <br />Section 5. <br />The following revenue is anticipated to complete this project: <br />The following amount is appropriated for this project: <br />Through FY <br />2006-07 <br />FY 2007-08 <br />Through FY <br />2007-08 <br />Sales Tax <br />$65,000 <br />$100,000 <br />$165,000 <br />Bond Funds <br />$0 <br />$0 <br />— $0 <br />2004 Two-Thirds Net Debt <br />$0 <br />$01 <br />$01 -1 <br />1Other <br />$0 <br />$01 <br />0 <br />1 Total Funding <br />$65,000 <br />$100,0001 <br />$165,0001 <br />The following amount is appropriated for this project: <br />The following amounts have been transferred to other County Capital Projects: <br />Through FY <br />2006-07 <br />FY 2007-08 <br />Through FY <br />2007-08 <br />Land/Building <br />$0 <br />$0 <br />$0 <br />Design <br />$0 <br />$0 <br />$0 <br />Construction <br />$0 <br />$0 <br />$0 <br />Other - Contribution to OCS <br />$65,000 <br />$100,000 <br />$165,000 <br />Total Costs <br />$65,000J9 <br />$100,000 <br />$165,000 <br />The following amounts have been transferred to other County Capital Projects: <br />Through FY <br />Through FY <br />2006-07 <br />FY 2007-08 <br />2007-08 <br />Transfer to CNG Fueling <br />Station Capital Project <br />$15,000 <br />$0 <br />$15,000 <br />Total Transfers, <br />- $15,000 <br />J_ <br />$15,000 <br />