AN ORDINANCE TO AMEND THE PUBLIC SAFETY BOND FUND (2006-04-10/O-2)

 

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, the capital projects ordinance for various capital projects funded from a variety of sources is hereby amended as follows:

 

SECTION I

 

The Public Safety Bond Fund as authorized by the Town Council includes various capital projects funded from bonds and grants for capital public safety improvements.

 

SECTION II

 

The Manager of the Town of Chapel Hill is hereby directed to proceed with implementation of these projects within terms of funds appropriated here.

 

SECTION III

 

Revenues anticipated to be available to the Town to complete the project are hereby amended as follows:

 

Current Budget

Revised Budget

 

 

 

Interest

138,841

138,841

Bond Proceeds

2,000,000

2,000,000

Grants

0

30,000

Transfer from General Fund

83,000

83,000

Transfer from Capital Reserve

75,000

75,000

 

 

 

 

 

 

Total

2,296,841

2,326,841

 

SECTION IV

 

Amounts appropriated for public safety projects are hereby amended as follows:

 

 

Current Budget

Revised Budget

 

 

 

Police Facilities

700,000

700,000

Fire Facilities and Truck

1,596,841

1,596,841

 

 

 

 

 

 

Total

2,296,841

2,326,841

 


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 project’s ordinance shall be entered into the Minutes of the Council and copies shall be filed within five days of adoption with the Manager, Finance Director and Clerk.

 

This the 10th day of April, 2006.