HomeMy WebLinkAboutORD-2003-050 - Orange Enterprises Capital Project Capital Project Ordinance~r
Orange Enterprises Capita! Project
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
capita( project is hereby adopted.
Section 1. The project authorized provides funds to construct a building addition at
Orange Enterprises facility on Valley Forge Road in Hillsborough.
Proceeds from a private placement loan finance the project.
Section 2. The officers of the County are hereby directed to proceed with the project
within budget contained herein.
Section 3. The following revenue is anticipated to complete this project:
Through FY
2002-03
FY 2003-04 Through FY
2003-04
Sales Tax ~ $0 $0
Bond Funds $0 $0
Private Placement $0 $0
Fees $0 $0
Other $525,000 $525,000
Total Fundin $525,000 $0 $525,000
Section 4. The following amount is appropriated for this project:
Through FY
2002-03
FY 2003-04 Through FY
2003-04
Land/Building $0 $0
Desi $50,000 $50,000
Construction $475,000 $475,000
Other $0 $0
Total Costs $525,000 $0 $525,000
Section 5. This ordinance shall be in effect from the original date of adoption, March
24, 2003, until June 30, 2005.
Adopted this 26th day of June 2003.
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r. Approval of Fiscal Year 2003-2004 Capital Proiect Ordinances and Grant
Proiect Ordinances
The Board considered adopting the capital project ordinances and grant project
ordinances for FY 2003-2004.
Commissioner Jacobs made reference to page 16, Central Northern Orange Senior
Center Capital Project Ordinance, and that there was some discussion about trying
to treat both senior centers equally and spend a relatively equal rate. One center
has $400,000 and one center has $100,000, and he was trying to remember if they
were going to catch up next year. Rod Visser said that they are going to catch up
eventually. He will write it up and reiterate the timeline for this and the explanation
for the difference.
A motion was made by Commissioner Jacobs, seconded by Commissioner
Halkiotis to adopt the accompanying capital project ordinances and grant project
ordinances.
VOTE: UNANIMOUS