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Homestead Aquatics Center <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 assist the Town of Chapel Hill with <br />construction of an indoor aquatic center at Homestead Park on Homestead Road. <br />Proceeds from the 1997 and 2001 bond funds and Town bond funds will finance <br />this 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 <br />$0 <br />$0 <br />$0 <br />1997 Bond Funds <br />$800,000 <br />$0, <br />$800,000 <br />2001 Bond Funds <br />$0 <br />$0 <br />$01 <br />2004 Two-Thirds Net Debt <br />$3,500,000 <br />$0 <br />$3,500,000 <br />Grant Funds <br />$0 <br />$0 <br />$0 <br />Fees <br />$0 <br />$0 <br />$0 <br />Other <br />$01 <br />$01 <br />0 <br />Total Funding <br />l $4,300,0001 <br />$0 <br />1 $4,300,0001 <br />Section 4.The following amount is appropriated for this project: <br />'Dwough FY <br />2006-07 <br />FY 2007 -08 <br />Through FY <br />2007-08 <br />LandMuflding <br />$0 <br />$0 <br />$0 <br />Design <br />$0 <br />$0 <br />$0 <br />Construction <br />$0 <br />$0 <br />$01 <br />Contribution to Chapel Hffl <br />$4,300,000 <br />$0 <br />$4,300,000 <br />1 Total Costs <br />$4,300,000 <br />$0 <br />$4,300,000 <br />