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~-~ <br />lJtility Extension Development Project <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 provides funds to assist with the extension of water <br />and/or sewer lines for economic development projects, particularly in the <br />Economic Development Districts.. Proceeds from the County's share of <br />pay-as-you-go capital funds 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 $25,000 _ $50,000 <br />~ $75,000 <br />Bond Funds _ <br />$0 $0 ,~ $0 <br />Private Placement $0 $0 $0 <br />Fees $0 _ $0 $D <br />Transfer from General Fund <br />(property taxes) $205,000 $0 $205,000 <br />Total Funding $230,000 $50,000 $280,000 <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 />LandlBuiiding $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />~ <br />Other $230,000 $50,000 $280,000 <br />Total Costs $230,000 $50,000 __$28D,000 <br />Section 5. The following amount has been transferred from this project to the <br />General Fund: <br /> Through FY Through FY <br /> 2005.06 FY 2006-07 2006-07 <br />Transfer to General Fund _ <br />(2002-03) $165,000 $0 $165,000 <br />Total Costs $165,000 $0 $165,000 <br />