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October 21, 2002 Page 459 Present Account No. Approved Budget 00192110 9850 $0.00 Mobile Data Project 00192110 9838 $127,207.84 NC Control Substance Tax Expense 00162110 6328 $0.00 Communication System Grant Increase $54,000.00 $40,500.00 Decrease $13,500.00 Revised Budqet $54,000.00 $113,707.84 $40,500.00 (E-5) Capital Project Ordinance and Budget Amendment - COPS II Issue for the School Adm£nistrative Building and Five School Gym Facilities UPON MOTION of Vice Chairman Carruth, seconded by Commissioner Fennel and unanimously carried, the Board approved the following budget amendment to set up revenues and expenses for the COPS II issue to build a School Administrative Building and five new gyms- and adopted the Capital Project Ordinance as set forth below. BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF Finance AMOUNT: $6,597,500.00 TYPE OF ADJUSTMENT: Supplement Request PURPOSE OF REQUEST: To set up revenues and expenses for the COPS II issue to build an Administrative Building and 5 new gyms. Present Account No. Approved Budqet 36160000-6918 - Proceeds from COPS 36197319-9606 - Engineers-Sch Adm 36197319-9820 - Building Improvements-Sch Adm 36197320-9606 - Engineers-Auxiliary Gyms 36197320-9607 - Architects-Auxiliary Gyms 36197320-9820 - Building Improvements-Aux Gyms Increase 6,597,500.00 97,500.00 4,000,000.00 100,000.00 120,000.00 2,280,000.00 Decrease Revised Budget 6,597,500.00 97,500.00 4,000,000.00 100,000.00 120,000.00 2,280,000.00 CAPITAL PROJECT ORDINANCE Ordinance No. 2002-05 BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North Carolina, that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital projgct ordinance is hereby adopted: Section 1. The project authorized is the construction of a new school administration building and new gym facilities at 5 schools to be financed by the sale of certificates of participation (COPS) and with additional funding being provided from other funding sources of the County. Section 2. The officers of this unit are hereby directed to proceed with this capital project within the terms of the COPS resolution and the budget contained herein. Section 3. The following amount is appropriated for the project: School Administration Building 5 School Gym Facilities $ 4,097.500.00 $ 2,500,000.00 Section 4. The following revenues are anticipated to be available to complete this project: Proceeds from Certificates of Participation $ 6,597,000.00 Section 5. The Finance Officer is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the terms of the COPS resolution. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement requests should be made to the grantor agency in an orderly and timely manner.