HomeMy WebLinkAboutORD-2010-044 Value Added Processing Center Capital Project Ordinance~~~-aol~- c~4~ s
Value-Added Processing Center
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 transform the former Orange
Enterprises Facility located on Valley Forge Road in Hillsborough into a
Value-Added Processing Center. Grant funds from the North Carolina
Agriculture Development and Farmland Preservation Trust Fund, the
Golden Leaf Foundation, as well as the North Carolina Tobacco Trust
Fund 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
2008-09 FY 2009-10
(4(20/10) FY 2009-10
(5118/10) Through FY
2009-10
Sales Tax $0 $0 $0 $0
2001 Bonds $0 $0 $0 $0
2004 Two-Thirds Net Debt $0 $0 $0 $0
Fees $0 $0 $0 $0
Grant Funds $132,000 $28,819 $729,000 $889,819
Total Funding $132,000 $28,819 $729,000 $889,819
Section 4. The following amount is appropriated for this project:
Through FY
2008-09 FY 2009-10
(4/20!10) FY 2009-10
(5/18/10) Through FY
2009-10
LandJBuilding $0 $0 $0 $0
Plan ningiArchitectlEn
gineering
$0
$0
$0
$0
Construction $132,000 $0 $506,170 $638,170
Equipment $0 $28,819 $207,830 $236,649
Other $0 $0 $15,000 $15,000
Total Costs $132,000 $28,819 $729,000 $889,819
Section 5. This ordinance shall remain in effect until the Board of County
Commissioners takes action to amend the ordinance or close the project
ordinance upon completion of the project.
Adopted this 18th day of May 2010.
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proposal to the NC Specialty Crops Program for the Piedmont Food and Agricultural Processing
Center.
i. Business Plan for the Piedmont Food and Aaricultural Processina Center
The Board received the business plan for the Piedmont Food & Agricultural Processing Center
and authorized the staff to continue with the establishment of the Piedmont Food & Agricultural
Processing Center.
L Fiscal Year 2009-10 Budaet Amendment #10
The Board approved budget, grant and capital project ordinance amendments for Fiscal Year
2009-10 for Department of Environment, Agriculture, Parks and Recreation; Economic
Development; Department on Aging; Economic Development (Value-Added Processing Center
Capital Project Ordinance); Board of Elections; and Emergency Services Department.
k. Appropriation of General Fund .Balance to Fund Existing County Capital Projects
The Board approved the appropriation of $1,739,270 in General Fund Balance to provide
funding for 11 County Capital Projects which have a shortfall.
I. Appropriations of Solid Waste Fund Balance for the Lands Leaacy Project
The Board approved appropriating $50;000 from the Solid Waste Fund Balance to provide
funding for the Lands Legacy Project.
m. The Establishment of a County Capital Reserve Fund
The Board established a County Capital Reserve Fund for future County Capital needs by
approving the attached resolution.
RESOLUTION
ESTABLISHMENT OF THE COUNTY CAPITAL RESERVE FUND
WHEREAS, there is a need in Orange County, North Carolina to accumulate funds for future
County Capital needs;
NOW, THEREFORE, BE IT RESOLVED BY THE ORANGE COUNTY BOARD OF
COMMISSIONERS THAT:
Section 1. The Governing Board hereby creates a Capital Reserve Fund for the purpose of
funding future County capital needs.
Section 2. The fund will remain operational until such time as it is no longer needed.
Section 3. The County Capital Reserve Fund will be funded by:
- Pay as you go funds (i.e. property tax, sales tax)
- General Obligation Bonds
- Alternative Financing
- Other revenue sources the Board of Commissioners chooses to dedicate
Section 4. The Board of County Commissioners may designate funds to be reserved for a
specific future project that will be tracked individually, until the funds are appropriated for a
specific capital project in the County Capital Projects Fund.
Section 5. This resolution shall become effective upon adoption.
n. Close Completed County Capital Projects
The Board approved the closing of 26 completed County Capital Projects.