|
15
<br />support County -wide no interest loans for sewer connection. The loans will range from
<br />$3,500 to $10,000 with a 10 year repayment. Per the Community Loan terms, the loan is
<br />secured by a deed of trust and the borrowed loans will be itemized on the recipient's
<br />annual County tax bill for the annual payment. This budget amendment provides for the
<br />transfer of these funds, and amends the following Capital Project Ordinance:
<br />Historic Rogers Road Neighborhood Infrastructure (- $200,000) - Project # 10054
<br />Revenues for this aroiect:
<br />Appropriated for this iDroiect:
<br />Current FY
<br />2017 -18
<br />FY 2017 -18
<br />Amendment
<br />FY 2017 -18
<br />Revised
<br />Alternative Financing
<br />$6,492,000
<br />($200,000)
<br />$6,292,000
<br />Contribution from Chapel Hill
<br />$77,400
<br />$0
<br />$77,400
<br />Contribution from Carrboro
<br />$25,200
<br />$0
<br />$25,200
<br />From General Fund
<br />$77,400
<br />$0
<br />$77,400
<br />Total Project Funding
<br />$6,672,000
<br />($200,000)
<br />$6,472,000
<br />Appropriated for this iDroiect:
<br />SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is
<br />applicable to these agenda items:
<br />• GOAL: ENSURE ECONOMIC SELF - SUFFICIENCY
<br />The creation and preservation of infrastructure, policies, programs, and funding
<br />necessary for residents to provide shelter, food, clothing, and medical care for
<br />themselves and their dependents.
<br />FINANCIAL IMPACT: Financial impacts are included in the background information above.
<br />This budget amendment provides for the receipt of these additional funds and increases the FY
<br />2017 -18 budgets in the General Fund by $677,940, the County Capital Projects Fund by
<br />$920,025, the Community Spay /Neuter Fund by $2,520, the Grant Projects fund by $306,785,
<br />the Housing Voucher Fund by $280,601, the Drug Forfeiture Fund by $888,233, the Health and
<br />Dental Fund by $579,511, and the Community Loan Fund by $200,000; and decreases the FY
<br />2017 -18 budgets in the E911 Fund by $44,449, the Jail Inmate Fund by $84,732, the Fire
<br />Districts Fund by $48,000, and the Vehicle Replacement Fund by $173807833.
<br />RECOMMENDATION(S): The Manager recommends the Board approve budget, capital, and
<br />grant project ordinance amendments for fiscal year 2017 -18.
<br />Current FY
<br />2017 -18
<br />FY 2017 -18
<br />Amendment
<br />FY 2017 -18
<br />Revised
<br />Land and Associated Costs
<br />$212,000
<br />$0
<br />$212,000
<br />Professional Services
<br />$780,000
<br />$0
<br />$780,000
<br />Construction
<br />$5,205,000
<br />($200,000)
<br />$5,005,000
<br />Project Management
<br />$475,000
<br />$0
<br />$475,000
<br />Total Costs
<br />$6,672,000
<br />($200,000)
<br />$6,472,000
<br />SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is
<br />applicable to these agenda items:
<br />• GOAL: ENSURE ECONOMIC SELF - SUFFICIENCY
<br />The creation and preservation of infrastructure, policies, programs, and funding
<br />necessary for residents to provide shelter, food, clothing, and medical care for
<br />themselves and their dependents.
<br />FINANCIAL IMPACT: Financial impacts are included in the background information above.
<br />This budget amendment provides for the receipt of these additional funds and increases the FY
<br />2017 -18 budgets in the General Fund by $677,940, the County Capital Projects Fund by
<br />$920,025, the Community Spay /Neuter Fund by $2,520, the Grant Projects fund by $306,785,
<br />the Housing Voucher Fund by $280,601, the Drug Forfeiture Fund by $888,233, the Health and
<br />Dental Fund by $579,511, and the Community Loan Fund by $200,000; and decreases the FY
<br />2017 -18 budgets in the E911 Fund by $44,449, the Jail Inmate Fund by $84,732, the Fire
<br />Districts Fund by $48,000, and the Vehicle Replacement Fund by $173807833.
<br />RECOMMENDATION(S): The Manager recommends the Board approve budget, capital, and
<br />grant project ordinance amendments for fiscal year 2017 -18.
<br />
|