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Employee Parking <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 authorized serves as the County's match for a North Carolina <br /> Department of Transportation Congestion Mitigation and Air Quality (CMAQ) grant. <br /> The grant funds along with the County match will offset the cost of constructing a <br /> park and ride lot at a yet to be determined location. Proceeds from the County's <br /> share of pay-as-you-go capital funds finance 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 Through FY <br /> 2006-07 FY 2007-08 2007.08 <br /> Sales Tax and Dedicated <br /> Property Tax $50,000 $0 $50,000 <br /> Bond Funds $0 $0 $0 <br /> 2004 Two-Thirds Net Debt $0 $0 $0 <br /> Grant Funds $0 $0 $0 <br /> Dedicated Property Tax $2 $0$0 <br /> Total Funding $50,000 $0 $50,000 <br /> Section 4.The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Land/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Other $50,000 $0 $50,000 <br /> Total Budget $50,000 $0 $50,000 <br /> Section 5. This ordinance shall remain in effect until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />