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<br />New Hope Preserve <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to <br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following <br />capital project is hereby adopted. <br />Section 1. The project authorized will provide for the protection of land within the <br />New Hope Creek corridor, and the concept of a New Hope Creek trail <br />connecting Orange and Durham Counties. Proceeds from the Lands <br />Legacy portion of the 2001 voter approved Parks and Open Space bonds, <br />and funds from the State of North Carolina finance this project. <br />Section 2. The officers of the County are hereby directed to proceed with the project <br />within 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 />Bond Funds $0 $0 $0 <br />Private Placement $0 $0 $0 <br />Grant Funds $0 $139,000 $139,000 <br />From Lands Legacy <br />Capital Project (2001 <br />Bonds) <br /> <br />$143,667 <br /> <br />$298 <br /> <br />$143,965 <br />Total Funding $143,667 $139,298 $282,965 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />Land/Buildin $143,667 $130,298 $273,965 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Planning/Arch/Eng $0 $9,000 $9,000 <br />Total Costs $143,667 $139,298 $282,965 <br />Section 5. This ordinance supersedes all previous New Hope Preserve Capital <br />Project Ordinances for Orange County. <br />Section 6. This ordinance shall remain in effect until June 30, 2008. <br />Adopted this 26th day of June 2007. <br />