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Beach Nourishment Capital Project Ordinance
Expenditures and revenues for the beach nourishment project
|
The following amounts are appropriated for the beach nourishment project |
|
|
Design, Permitting & Professional Services |
$950,031 |
|
Mobilization & Demobilization |
1,250,000 |
|
Contingency |
1,084,229 |
|
Pumping Construction Costs |
6,973,740 |
|
Total appropriations |
$10,258,000 |
|
The following revenues are anticipated to be available to complete this project |
|
|
Proceeds from Special Obligation Bonds |
$4,962,691 |
|
Contribution from Dare County – Project |
5,045,309 |
|
Contribution from Dare County – Design |
250,000 |
|
Total estimated revenues |
$10,258,000 |