Orange County NC Website
Browse       Search
d R ~ - aoo 8~-0~~ <br />ATTACHMENT 7 ~ 9 <br />Capital Repairs/Replacement (Emergency) Reserve Fund ~a- <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1.The project authorised provides reserve funds that would be used to address major <br />system/component needs, abatement, etc. that may arise after the budget is <br />adopted. Proceeds from the County's share of pay-as-you-go capital funds. finance <br />the project. <br />Section~2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br /> Through FY <br />2006-07 <br />FY 2007-08 Through FY <br />2007-08 <br />Sales Tax and Dedicated <br />Pro Tax <br />$75,000 <br />$0 <br />$75,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Pro Tax $0 $0 $0 <br />Total Fundin $75,000 $0 $75,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2006-07 <br />FY 2007-08 Through FY <br />2007-OS <br />LandBuil ' $0 $0 $0 <br />Desi $0 $0 $0 <br />Construction $0 $0 $0 <br />Reserve $75,000 $0 $75,000 <br />Total Bu et $75,000 50 575,000 <br />Section 5. The following amount has been transferred to another County Capital Project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br />Transfer to Equipment and Vehicle <br />Capital Pro'ect (FY2007-08) $0 $25,000 $25,000 <br />Total Costs 5(1 $25,000 $25,000 <br />