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CABARRUS COUNTY CONSTRUCTION AND RENOVATION PROJECT <br />BUDGET ORDINANCE <br />BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina that, <br />Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital <br />project ordinance is hereby adopted: <br />Section I. <br />A. The project authorized is the various County construction and renovation related projects. <br />Details of the projects are listed in section C. of this Project Ordinance. <br />B. The officers of this unit are hereby directed to proceed with this capital project within the <br />terms of the Generally Accepted Accounting Principles (GAAP) and the budget contained <br />herein. <br />C. It is estimated that the following revenues will be available to complete capital projects as <br />listed. <br />Capital Projects Fund (Capital Reserve Fund $11,758,800 <br />Capital Project Funds (Capital Reserve /CVB) $134,794 <br />Contribution from Convention/Visitors Bureau $150,000 <br />Rental — Tower Lease $321,592 <br />Lease Proceeds ( Wallace Park) $3,421,394 <br />General Fund Contribution $825,134 <br />TOTAL REVENUES 16,611,714 <br />D. The following appropriations are made as listed:: <br />Demolition of old Jail and new Parking <br />$2,000,000 <br />Renovation of Human Service Building <br />$1,193,033 <br />Governmental Center Main Area Handler <br />$100,000 <br />Demolition of old Board of Elections <br />$650,000 <br />Renovations of Kann Library Program Room <br />$80,000 <br />Emergency Telephone Equipment <br />$1,066,726 <br />Southeast Community Park <br />$5,231,394 <br />Board of Elections Renovations <br />$2,313,767 <br />Mini Governmental Campus <br />$244,877 <br />Bethel Elementary Project <br />$9,600 <br />Dent Service Payments <br />$ 1,738,723 <br />Courthouse Chiller <br />$135,000 <br />Multi- Building Pre -cast Sealing and Caulking <br />240,000 <br />Arena HVAC Equipment Replacement <br />1,000,000 <br />Arena Roof Replacement <br />148,800 <br />Camp T.N. Spencer Park <br />75,000 <br />Human Service Building HVAC <br />100,000 <br />Rocky River School Park Restrooms <br />$284,794 <br />TOTAL EXPENDITURES <br />16,611,714 <br />GRAND TOTAL — REVENUES $ 16,611,714 <br />GRAND TOTAL — EXPENDITURES $ 16,611,714 <br />Attachment number 4 <br />F -5 Page 100 <br />