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COUNTY OF LEE,NORTH CAROLINA <br /> MULTI-SPORTS COMPLEX PROJECT <br /> CAPTIAL PROJECT BUDGET ORDINANCE <br /> BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br /> MULTI-SPORTS COMPLEX PROJECT is hereby approved and adopted: <br /> Section 1: The following amounts are hereby appropriated for the Multi-sports Complex Project for <br /> the period January 1, 2021 to December 31, 2025, according to the following schedule and summary. <br /> Section 2: That for said project period there is hereby appropriated the following: <br /> REVENUE <br /> SOURCE AMOUNT <br /> Bond Proceeds $ 25,000,000 <br /> TOTAL PROJECT REVENUES $ 25,000,000 <br /> EXPENSE <br /> SOURCE AMOUNT <br /> General Construction $ 18,233,285 <br /> Architect&Engineering 2,150,000 <br /> Land 1,950,000 <br /> Issuance costs 450,000 <br /> Contingency 2,216,715 <br /> TOTAL PROJECT EXPENSES $ 25,000,000 <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 4th day of January, 2021. <br /> • <br /> fl/D <br /> Y ' fT La, Kirk D. Smith, Chairman <br /> Attest: !IX� � <br /> IrdfUEi i ` <br /> dr fifer Gale, C erk to the Board <br /> • t <br /> N <br />