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URDlNANCE NO. 2010~38~ AN ORDINANCE TO APPROPRIATE $41,926,023 IN THE FY 2010-2011 CAPITAL IMPROVEMENT FUND AND $12,669,000 IN THE FY 2010-2011 PUBLIC UTILITIES CAPITAL IMPROVEMENT FUND. WHEREAS, the City Manager has submitted to the City Council the Capital Improvement Program for FY 20 II through 2015 and the funding for Year One of the Capital Improvement Program; and WHEREAS, public hearings have been held to receive public comments on the five-year Capital Improvement Program and on funding for Year One of the Capital Improvement Program. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That the sums of $41,926,023 in the FY 2011-2015 Capital Improvement Fund and $12,669,000 in the FY 2011-2015 Public Utilities Capital Improvement Fund, be, and the same hereby are, appropriated for expenditure in the following categories and amounts to implement the FY 2010-2015 Capital Improvement Program: Capital Improvement Fund: Drainage and Street Improvements Education Industrial and Economic Development Leisure Services Municipal Facilities Total Capital Improvement Fund $ 9,204,223 $ 1,375,000 $ 208,000 $ 322,400 $ 30,816,400 $41,926,023 Public Utilities Capital Improvement Fund $12,669,000 2. It is the intent ofthe City to make certain expenditures in connection with the planning, design, acquisition, construction and equipping of the projects herein approved which the City reasonably expects to be reimbursed as permitted by Section 1.150-2 of the regulations pursuant to the Internal Revenue Code of 1986, as amended, from the proceeds of one or more issues of bonds issued to fund the projects. As of the date of this ordinance, the maximum projected amount of general obligation bonds and notes to be issued is not expected to exceed $33,187,997. 3. That the five-year FY 2011-2015 Capital Improvement Program is approved with fiscal years 2012 through 2015 being non-appropriated subsequent planning years.