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0 0 <br />BON i8 P GE 'x.52 <br />COUNTY OF LEE, NORTH CAROLINA <br />HIGH SCHOOL FACILITY <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for <br />the HIGH SCHOOL FACILITY is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for the High School Facility for <br />the period January 1, 2002 to January 31, 2005, 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 />Certificates of Participation $250,000 <br />TOTAL PROJECT REVENUES $ 250,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Professional Services $250,000 <br />TOTAL PROJECT EXPENSES $ 250,000 <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 4`h day of February, 2002. <br />Attest: <br />Ga ell . Lee, Clerk to the oard <br />Herbert A. Hincks, Chairman <br />01? <br />