AN ORDINANCE ESTABLISHING A CAPITAL PROJECTS ORDINANCE FOR STREET AND
SIDEWALK IMPROVEMENTS FUNDED FROM 1996 BONDS (2000-05-08/O-1)
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, that the following capital projects ordinance are hereby established for street and sidewalk improvements to be constructed from Street and Sidewalk Bonds approved by the voters in November, 1996.
The capital projects, as authorized by bond referenda approved in November, 1996 and as determined by the Town Council, include the capital costs of Downtown streetscape improvements, replacing bridges, installing and rebuilding drainage pipe, replacing curbs and gutters, and building sidewalks and bikeways.
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 as follows:
Amounts appropriated are for the project as follows:
Downtown Streetscape $1,000,000
Bridge Replacements 700,000
Drainage Improvements 500,000
Curbs and Gutters 300,000
Sidewalks and Bikeways 500,000
Total $3,000,000
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 hall be filed within 5 days of adoption with the Manager, Finance Director and Clerk.
This the 8th day of May, 2000.