Agenda - 09-12-2006-5i - Laserfiche WebLink

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3~f Orange High School Tennis Court Resurfacing Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The praject authorized provides funds to resurface tennis courts on the grounds of Orange Fiigh School- In accordance with along-standing cohtract between Orange County and Orange County Schools, the two entities share equally in the cost of court repair- Funding in this project reflects the County's anticipated share of repair cost. Orange County Schools Board of Education anticipates repair work to take place beyond fiscal year 2006-07 Therefore, the County's funds provided in this project will carry forward until such time as the Board of Education moves forward with the repairs. Proceeds from the County's share of pay-as-you-go capital funds finance this project.. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3, The following revenue is anticipated to complete this project: Through FY 2005-06 FY 2006-07 Through FY 2006-07 Sales Tax $15,000 $50,000 $65,000 Bond Funds $0 $0 ~ $0 _ 2004 Two-Thirds Net Debt _ $0 $0 $0 Other $0 $0 $0 ~ Total Funding $15,000 $50,000 $65,000 Section 4. The fallowing amount is appropriated for this project: Through FY 2005-D6 FY 2006-07 ~ Through FY 2006.07 _ _ LandlBuilding ~ $0 $0 _ $0 Design ~ $0 $0 $0 Construction $0 $0 $0 Other -Contribution to OCS $15,000 $50,000 $65,000 Total Costs $15,000 $50,000 $65,OD0 Section 5. The following amounts have been transferred to other County Capital Projects: Through FY ~ Through FY 2005'06 FY 20D6-07 2006.07 Transfer to CNG Fueling Station Capital Project $15,000 $0 __ $15,000 Total Transfers 515,000 50 $15,000