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COUNTY OF LEE, NORTH CAROLINA <br /> PARK IMPROVEMENT PROJECT <br /> CAPTIAL PROJECT BUDGET ORDINANCE <br /> BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br /> PARK IMPROVEMENT PROJECT is hereby approved and adopted: <br /> Section 1: The following amounts are hereby appropriated for the Park Improvement Project <br /> for the period May 21, 2018 to December 31, 2019, 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 /> Limited Obligation Bonds $ 2,000,000 <br /> TOTAL PROJECT REVENUES $ 2,000,000 <br /> EXPENSE <br /> SOURCE AMOUNT <br /> Land Acquisition $ 160,000 <br /> General Construction 1,740,000 <br /> Contingency 100,000 <br /> TOTAL PROJECT EXPENSES $ 2,000,000 <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 Z ,rof May, 2018. <br /> iiT W. <br /> • <br /> '' e . Amy . Dalrymple, Chair <br /> ;4;-stom+/.1."�r�'�r, .. <br /> tJ,, j1j i <br /> . ,� % ; NORTH CAROLINA, LEE COUNTY <br /> (�nn �i ; � t1 Presented for registration on his oda <br /> tiff f; =gym y <br /> CAVA V of=40,=atle4EIM� <br /> 'N recorded In Boric 02 9 Page 753 <br /> Pamela G.Britt,Regists of Deeds <br />