Agenda - 10-05-2004-5l - Laserfiche WebLink

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ATTACHMENT 3 (%~ Bolin Creek Greenway Joint Town/County Open Space/Greenway Development 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 project authorized provides funds to extend the Bolin Creek Trail upstream of Airport Rcad. The extension of the existing Bolin Creek Trail would be a step towards linking the existing trail with Carrbara, the proposed woodland trail system of southern Orange County, Duke Forest, the proposed Carolina North property, and the northwest areas of Chapel Hill. Proceeds from the 2001 voter approved bond referendum via a transfer from the Greenway Development Reserve Capital Project finance the 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 2003-04 FY 2004-OS Through FY 2004-05 _ Sales Tax $0 $0 $0 2001 Bonds $0 $0 $0 2004 Two-thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Transfer from Greenway Develo ment Reserve $0 $75,000 $75,000 Total Fundin $0 $'75,000 $75,000 Section 4. The following amount is appropriated for this project: Through FY 2003-04 FY 2004-05 Through P'Y 2004-OS Land/Buildin $0 $0 $0 PI arming/Architect/E ngineering $0 $0 $0 Contribution [o Town of Cha el Hill $0 $75,000 $75,000 Other $0 $0 $0 Total Costs $0 $75,000 $75,000 Section 7. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2005. Adopted this 5th day of October 2004,