AN ORDINANCE TO AMEND THE PARKS AND RECREATION BOND FUND FOR PARKS AND RECREATION FUNDED BY 2003 BONDS (2009-03-09/O-3)
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 parks and recreation funded by 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 greenway 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:
|
|
CurrentBudget |
RevisedBudget |
|
|
|
|
|
Other Projects |
1,069,000 |
1,069,000 |
|
|
|
|
|
Morgan Creek Trail Project |
375,000 |
375,000 |
|
NC DOT Direct Allocation Grant |
0 |
640,000 |
|
Transfer from Multi Year Capital |
0 |
54,839 |
|
Projects Fund |
|
|
|
|
|
|
|
Total |
1,444,000 |
2,138,839 |
Amounts appropriated for capital projects are hereby amended as follows:
|
|
Current Budget |
Revised Budget |
|
|
|
|
|
Other Capital Projects |
1,069,000 |
1,069,000 |
|
Morgan Creek Trail Project |
375,000 |
1,069,839 |
|
|
|
|
|
Total |
1,444,000 |
2,138,839 |
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 Town Manager, Finance Director and Town Clerk.
This the 9th day of March, 2009.