HomeMy WebLinkAboutORD-2006-079 - Utility Expansion Development Project Capital Project OrdinanceO~~ ~ aao'~.a ~ 9
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Utility Extension Development Project
Capita! 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 assist with the extension of water
andlor sewer lines far economic development projects, particularly in the
Economic Development Districts. Proceeds from the County's share of
pay-as-you-ga capital funds finance this 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
2005-06
FY 2006-07 Through FY
2006-07
Sales Tax $25,000 $50,000 $75,000
Bond Funds $0 $0 $0
Private Placement $0 $0 $0
Fees $0 $0 $0
Transfer from Genera! Fund
(property taxes)
$205,000
$0
$205,000
Total Funding $230,000 $50,000 $280,000
Section 4. The following amount is appropriated for this project:
Through FY
2005-06
FY 2006-07 Through FY
2006-07
LandlBuiiding $0 $0 $0
Design $0 $0 $0
Construction $0 $0 $0
Other $230,000 $50,000 $280,000
Total Costs $230,000 $50,000 . $280,000
Section 5. The following amount has been transferred from this project to the
General Fund:
Through FY Through FY
2005.06 FY 2006-07 2006-07
Transfer to General Fund
(2002-03) $165,000 $0 $165,000
Total Costs $165,000 $0 $965,000
Section fi. The following budget remains in the project:
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Original Budget (see section 4 above} $280,000
Less Transfer to Other Funds (see section 5 above) $165,000
Total Project Budget $115,400
Section 7. This ordinance supersedes all previous Utility Extension Development
Capital Project Ordinances for Orange County.
Section 8. This ordinance originally adopted June 29, 1993 and subsequently
amended shall be in effect until June 30, 2007.
Adopted this 12th day of September 2006.