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CABARRUS COUNTY CONSTRUCTION & RENOVATION FY 12 PROJECTS <br />CAPITAL PROJECT ORDINANCE <br />BE IT ORDAINED, by the Board of County Commissioners of the <br />County of Cabarrus, North Carolina that, pursuant to Section 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the <br />following capital project ordinance is hereby adopted: <br />Section 1. The project authorized is the demolition of the <br />old Cabarrus County Jail facility, resurfacing of the old jail <br />parking lot, and renovations at the Cabarrus County Human <br />Services Building. The projects are funded by Capital Project <br />Funds (Capital Reserve). <br />Section 2. The officers of this unit are hereby directed <br />to proceed with this capital project within the terms of the <br />Generally Accepted Accounting Principles (GAAP) and the budget <br />contained herein. <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br />Board of Elections: <br />Demolition of old Jail and new Parking $2,000,000 <br />Renovation of Human Services Building $1,000,000 <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br />Capital Project Funds (Capital Reserve) $3,000,000 <br />Section 5. The Finance Officer is hereby directed to <br />maintain within the Capital Project Fund sufficient detailed <br />accounting records to satisfy the requirements of the law. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement to the <br />General Fund should be made in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at <br />the request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or <br />claimed. <br />Section 8. Copies of this capital project ordinance shall <br />be furnished to the Clerk to the Governing Board, and to the <br />Budget Officer and the Finance Officer for direction in carrying <br />out this project. <br />Section 9. At the completion of the construction project, <br />all unrestricted excess funds are transferred to the General Fund <br />and the Capital Project Ordinance is closed. <br />Attachment number 7 <br />F -8 Page 194 <br />