BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to NCGS 159 – 13.2, the capital projects ordinance for various capital projects funded from a variety of sources is hereby amended as follows:
The capital projects as authorized by the Town Council includes various capital projects funded from grants, the Capital Improvements Program funds, and other miscellaneous sources of revenue for a variety of projects extending beyond one fiscal year.
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 |
|
Interest Income |
138,156 |
229,268 |
|
Monthly Pritchard Park Rentals |
30,500 |
49,388 |
|
Other Revenues |
16,485,387 |
16,485,387 |
|
Total |
16,654,043 |
16,764,043 |
Amounts appropriated for capital projects are hereby amended as follows:
Current Budget Revised Budget
Upper Booker Creek Trail Project 10,000 0
Southern Community Park 5,257,656 5,377,656
Other Projects 11,386,387 11,386,387
Total 16,654,043 16,764,043
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 Officer and Clerk.
This the 15th day of October, 2008.