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Affordable Housing Program <br />Capital Project Ordinance <br />20 <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby <br />adopted. <br />Section 1. The project authorized provides funds to fund housing activities in the following categories: <br />land acquisition; housing development; and homeownership. The project is financed by <br />proceeds from the 1997 voter approved bond referendum. <br />Section 2. The officers of the County are hereby directed to proceed with the project within the budget <br />contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Sales Tax $0 $0 $0 <br />Bond Funds $0 $550,000 $550,000 <br />Private Placement $0 $0 $0 <br />Fees $0 $0 $0 <br />Other $0 $0 $0 <br />Total Funding $0 $550,000 $550,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Land <br />EmPOWERment $0 $90,000 $90,000 <br />Habitat for Humanity $0 $460,000 $460,000 <br />Total Land $0 $550,000 $550,000 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $0 $0 $0 <br />Total Costs $0 $550,000 $550,000 <br /> <br /> <br />Section 5. This ordinance shall remain in effect until June 30, 2000. <br />Adopted this eighteenth day of January, 2000.