AN ORDINANCE TO AMEND THE CAPITAL PROJECTS ORDINANCE FOR VARIOUS CAPITAL PROJECTS (2006-01-09/O-4a)

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:

SECTION I

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.

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
Orange County Reimbursement	0	3,050
Payment in lieu – Hargraves Improvements	0	11,580
Transfer from General Fund	173,075	174,631
Other Revenues	7,403,789	7,403,789
Total	7,576,864	7,593,050

SECTION IV

Amounts appropriated for capital projects are hereby amended as follows:

	Current Budget	Revised Budget
Hargraves Recreation Center and Pool	85,850	98,986
Southern Community Park	3,648,059	3,651,109
Other Projects	3,842,955	3,842,955
Total	7,576,864	7,593,050

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 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 9^th day of January, 2006.