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COUNTY OF LEE, NORTH CAROLINA <br />COLON ROAD WATER PROJECT <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for <br />the COLON ROAD WATER PROJECT is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for the Colon Road Water Project <br />for the period April 1, 2017 to December 31, 2018, according to the following schedule and <br />summary. <br />Section 2: That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />Loan from City of Sanford $350,000 <br />TOTAL PROJECT REVENUES $ 350,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Water Line Construction $350,000 <br />TOTAL PROJECT EXPENSES $ 350,000 <br />Section 3. Funds that have been advanced, or may be advanced, from the General Fund for <br />project cost are intended to be reimbursed from the financing proceeds. <br />Section 4. Copies of this budget shall be furnished to the Finance Officer of Lee County, <br />North Carolina, to be kept on file for direction in collection of revenue and expenditures of <br />amounts appropriated. <br />Section 5. The adoption of this capital project ordinance is intended as a declaration of this <br />unit's official intent to reimburse project expenditures from financing proceeds. <br />ADOPTED this 1 <br />Attest: <br />n <br />, Clerk to the Board <br />Amy A Dalrymple, C air <br />