Laserfiche WebLink
11 <br />SOUTHEAST CASPRRUS COMMUNITY PARK 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 of <br />Chapter 159 of the General Statutes of North Carolina, the following <br />capital project ordinance is hereby adopted: <br />Section 1. The project authorized is the design, <br />construction, and renovation of the Southeast Cabarrus Community <br />Park on a non-debt issued basis. The capital project will be <br />financed by the Capital Reserve Fund and/or General Fund. <br />Section 2. The officers of this unit are hereby directed to <br />proceed with this capital project within the terms contained in this <br />project ordinance. <br />Section 3. The following budgeted amounts are appropriated <br />for the current project of the Southeast Cabarrus Community Park as <br />adopted in the 2009 Capital Improvement Plan: <br />Southeast Cabarrus Community Park: <br />Other Improvements $ 1,810,000 <br />Total $ 1,810,000 <br />Section 4. The following revenue is anticipated to be <br />available to complete this current project: <br />Capital Reserve Fund $ 1,810,000 <br />Section 5. The Finance Officer is hereby directed to maintain <br />within the Capital Project Fund sufficient detailed accounting <br />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 General <br />Fund should be made in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at the <br />request of the Board, on the financial status of each current <br />project element in Section 3 and on the total revenues received or <br />claimed. <br />Section 8. Copies of this capital project ordinance shall be <br />furnished to the Clerk to the Governing Board, and to the Budget <br />Officer and the Finance Officer for direction in carrying out this <br />project. <br />Section 9. At the completion of the construction project, all <br />unrestricted excess funds are transferred to the Capital Reserve <br />Fund and the Capital Project Ordinance is closed. <br />F-4 <br />L <br /> <br />i] <br />fl <br />t'~ <br />~~ <br /> <br />iJ <br />i~ <br /> <br />u <br />~l <br />t. <br />Item# 6 <br />Attachmentnumber1 <br />Page 110 of 253 <br />