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 open space is hereby amended as follows:
The capital project as authorized by the Town Council includes purchase of open space.
The Manager of the Town of Chapel Hill is hereby directed to proceed with implementation of this project 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 |
|
Proceeds from Bond Sales |
$1,200,000 |
$2,000,000 |
|
Interest Earnings |
0 |
26,000 |
|
Sale of Land |
12,000 |
12,000 |
|
Total |
$1,212,000 |
$2,038,000 |
Amounts appropriated for capital projects are hereby amended as follows:
|
|
Current Budget |
Revised Budget |
|
Contracted Services |
$ 10,000 |
$ 48,000 |
|
Land |
1,202,000 |
1,990,000 |
|
Total |
$1,212,000 |
$2,038,000 |
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.
Copies of this projects 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 8th day of January, 2007.