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Recreation and Parks Maintenance <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 an annual funding source to address recreation <br />and park capital maintenance items, such as reseeding and replacing play <br />surfaces, as well as maintenance needs as new parks come on line. 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 />Section 4.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 and Dedicated <br />Property Tax <br />$25,000 <br />$0 <br />$25,000 <br />Bond Funds <br />$0 <br />$0 <br />$0 <br />2004 Two-Thirds Net Debt <br />$0 <br />$0 <br />$0 <br />Grant Funds <br />$0 <br />$0 <br />$0 <br />Dedicated'PropeLrty Tax <br />$0 <br />$0 <br />$0 <br />Total Funding, <br />$25,000, <br />$01 <br />$25,0 <br />Section 4.The following amount is appropriated for this project: <br />Section 5. This ordinance shall remain in effect until June 30, 2008. <br />Adopted this 26th day of June 2007. <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 />$25,0001 <br />$0 <br />_$25,000 <br />Other <br />$01 <br />$0 <br />$01 <br />Total Budget <br />$25,000 <br />$0 <br />$25,000] <br />Section 5. This ordinance shall remain in effect until June 30, 2008. <br />Adopted this 26th day of June 2007. <br />