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CAPITAL PROJECT ORDINANCE <br /> <br /> BE IT ORDAINED, by the Governing Board of Cabarrus County, North Carolina, <br />pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the follow~r. <br />capital project ordinance is hereby adopted: <br /> <br /> Section 1. The project authorized is a lease with Kannapolis Land, Inc. to provide for <br />office space in the former K-Mart building in Kannapolis, North Carolina to be financed by <br />Cabarrus County and Kannapolis Land, Inc. <br /> <br /> Section 2. The Finance Direcector of Cabarrus County is hereby directed to proceed <br />with this capital project within the temts contained in this project ordinance. <br /> <br />Section 3. The following amounts are appropriated for the project: <br /> <br />Architect <br />Building Improvement <br />Contingency <br /> <br />$ 107,000.00 <br /> 2,753,000.00 <br /> 100,000.00 <br /> <br />TOTAL: <br /> <br /> Section 4. The following revenues are anticipated to be available to complete this <br />project: <br /> <br />Contribution - General Fund <br />Contribution - Private Donation <br /> <br />$1,900,000.00 <br />1,060,000.00 <br /> <br />TOTAL: <br /> <br /> Section 5. The Finance Officer is hereby directed to maintain within the Capital Project: <br />Fund sufficient detailed accounting records to satisfy the requirements of the law. <br /> <br /> Section 6. The Finance Officer is directed to report on a monthly basis the status of t[~: <br />fund. <br /> <br /> Section 7. The Budget Officer is directed to include a detailed analysis of past and ~st~ ':~ <br />costs and revenues on this capital project in every budget submission to this Board. <br /> <br /> <br />