AN ORDINANCE TO AMEND A CAPITAL PROJECTS ORDINANCE FOR STREETS FUNDED FROM 2003 BONDS (2006-01-23/O-5)
BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, a capital projects ordinance for streets funded from 2003 bonds is hereby amended as follows:
The capital projects as authorized by bond referendum approved in November 2003, and as determined by the Town Council, includes the capital costs of street improvements.
The Manager of the Town of Chapel Hill is hereby directed to proceed with implementation of these projects within terms of funds appropriated here.
Revenues anticipated to be available to the Town to complete the project are hereby amended as follows:
Current Budget Revised Budget
Bond Proceeds 1,500,000 1,500,000
North Carolina Department of
Transportation Grants 0 204,000
TOTAL 1,500,000 1,704,000
Amounts appropriated for capital projects are hereby amended as follows:
Current Budget Revised Budget
Sidewalk Construction 600,000 804,000
Pedestrian Amenities 100,000 100,000
Neighborhood Traffic Calming and
Pedestrian and Bicycle Safety Improvements 300,000 300,000
Downtown Streetscape Improvements 500,000 500,000
TOTAL 1,500,000 1,704,000
SECTION V
The Manager is directed to report annually on the financial status of the project in an informational section to be included in the Annual Budget, and shall keep the Council informed of any unusual occurrences.
SECTION VI
Copies of this projects ordinance shall be entered into the Minutes of the Council and copies shall be filed within 5 days of adoption with the Manager, Finance Director and Clerk.
This the 23rd day of January, 2006.