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COUNTY OF LEE, NORTH CAROLINA <br />INDUSTRIAL PARK IMPROVEMENTS PROJECT <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br />INDUSTRIAL PARK IMPROVEMENTS PROJECT is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for the Industrial Park Improvements <br />Project for the period August I, 2011 to December 31, 2012, 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 />Economic Development Administration Grant (EDA) S 800,000 <br />Industrial Development Fund Grant (IDF) 500,000 <br />TOTAL PROJECT REVENUES $ 1,300,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Engineering <br />S 98,000 <br />General Construction <br />1,052,000 <br />Furnishings <br />50,000 <br />Contingency <br />100,000 <br />TOTAL PROJECT EXPENSES $ 1,300,000 <br />Section 3. Funds that have been advanced, or may be advanced, from the General Fund for project <br />cost are intended to be reimbursed from the project revenues. <br />Section 4. Copies of this budget shall be furnished to the Finance Officer of Lee County, North <br />Carolina, to be kept on file for direction in collection of revenue and expenditures of amounts <br />appropriated. <br />Section 5. The adoption of this capital project ordinance is intended as a declaration of this unit's <br />official intent to reimburse project expenditures from project revenues. <br />ADOPTED this 15th day of August, 2011. <br />Linda A. Shook, Chairman <br />Attest: <br />Gaynell M. Lee, Clerk to the Board <br />