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~~ <br />Northern Park Development <br />Capital Project Ordinance <br />__ Be it ordaned_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 for the planning, design, and construction <br />of the Northern Human Services Center Park. Proceeds from the 2001 Bond <br />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. The following revenue is anticipated to complete this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />Sales Tax $0 $0 $0 <br />2001 Bond Funds $700,000 $0 $700,000 <br />2004 Two-thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $500,000 $500,000 <br />Transfer from Homestead <br />Aquatics Center Project <br />$500,000 <br />$0 <br />$500,000 <br />Subdivision Payment-ilz-Lieu $148,000 $148,000 <br />Total Funding $1,200,000 $648,000 $1,848,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY 2006 <br />07 <br />Land/Building $0 $0 $0 <br />Design $35,000 $0 $35,000 <br />Construction $1,165,000 $648,000 $1,813,000 <br />Other $0 $0 $0 <br />Total Costs $1,200,000 $648,000 $1,848,000 <br />Section 5.~ This ordinance supersedes all previous Northern Park Development Capital <br />Project Ordinances for Orange County. <br />Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. <br />Adopted this 26th day of June 2007. <br />