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Affordable Housing Program <br />Capital Project Ordinance <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 Through FY <br />Section 4. The following amount is appropriated for this project: <br />Through FY Through FY <br />Section 5. This ordinance, originally adopted December 13, 1999, shall remain in effect until June 30, <br />2000. <br />Adopted this thirteenth day of December 1999. <br />