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ATTACHMENT 6 <br />~~ <br />Triangle SportsPlex Annual Contract and Reserve <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 in accordance with the operational <br />agreement of a swimming pool to serve all areas of Orange County. <br />Proceeds from the County's portion of the one half cent sales taxes <br />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 />2004-OS <br />FY 2005-06 Through FY <br />2005-OG <br />Sa]esTax $4,100,000 $400,000 $4,500,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Fees $0 $0 $0 <br />Transfer from General Pund $40,000 $0 $40,000 <br />Dedicated Pro ert Tax $0 $0 $0 <br />Total Fundin > $4,140,000 $400,000 $4,540,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2004-OS <br />FY 2005-OG Through FY <br />2005-06 <br />Land/Building $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $40,000 $24,235 $64,235 <br />ountn utron to on- <br />County Agency <br />$4,100,000 <br />$183,333 <br />$4,283,333 <br />raps er to ports ex <br />Enterprise Fund <br />$0 <br />$192,432 <br />$192,432 <br />Total Costs $4,140,000 $400,000 $4,540,000 <br />Section 5. The County will purchase the SportsPlex facility on December 15, 2QQ5. <br />With that purchase, all expenditures associated with the operational <br />management and purchase of the facility will be accounted for in the <br />SportsPlex Enterprise Fund. l.)nexpended funds in the Triangle <br />