Orange County NC Website
The $ 2 million from 2001 band funds are in the Bond and Alternative Financing schedule that <br /> the Board approved in October. The planned issues provide for two equal $ 1 . 0 million <br /> installments for Southern Park , in FY 2004 -05 and FY 2005� 08 , which is consistent with the <br /> requested timing from the Town submitted in the spring of 2002 . The Town has not yet <br /> addressed the $ 800 , 000 in unfunded additional cast identified In the Conceptual Plan <br /> budget . More refined cost estimates will be developed as construction drawings are <br /> prepared and the Special Use Permit is developed , Phasing of park construction may be <br /> necessary. <br /> RECOMMENDATION ( ) The Manager recommends that the Board take the fallowing <br /> actions regarding Southern Park and the Work Group Is request: <br /> 1 . Approve the Southern Park Conceptual Plan , with a condition of relocating the planned <br /> third full - size soccer field along US 15/ 501 South and away from the Dogwood Acres <br /> subdivision . <br /> . review and approve the Proposed Process for Approval and Construction of Southern <br /> Community Park , as proposed by the Work Group in Attachment 2 . <br /> 8 . Appoint two Board members to the Southern Park Project Planning Committee , to serve <br /> with an equal number of Town Council members in overseeing the park process ; and <br /> 4 . Authorize the release of $ 140 , 000 in 1997 Parks bond funds for the development of <br /> construction drawings for the Southern Park Special Use Permit . <br />