Laserfiche WebLink
COUNTY OF LEE, NORTH CAROLINA <br /> LEE COUNTY GOVERNMENT LIBRARY <br /> CAPTIAL PROJECT BUDGET ORDINANCE <br /> BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br /> LEE COUNTY GOVERNMENT LIBRARY is hereby approved and adopted: <br /> Section 1: The following amounts are hereby appropriated for Lee County <br /> Government Library for the period May 1, 2021 to June 30, 2024, according to the following <br /> schedule and summary. <br /> Section 2: That for said project period there is hereby appropriated the following: <br /> REVENUE <br /> SOURCE AMOUNT <br /> Limited Obligation Bonds $ 14,000,000 <br /> TOTAL PROJECT REVENUES $ 14,000,000 <br /> EXPENSE <br /> SOURCE AMOUNT <br /> Issuance Cost $ 210,000 <br /> Architect/Engineering 1,030,000 <br /> Land Acquisition 1,250,000 <br /> General Construction 9,470,000 <br /> Furnishings 1,290,000 <br /> Contingency 750,000 <br /> TOTAL PROJECT EXPENSES $ 14,000,000 <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 19th day of April, 2021. <br /> ADbiteo-e- <br /> Kirk D. Smith, Chairman <br /> Attest: <br /> // <br /> --nifer G. e, Clerk to the Board <br />