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Equipment and Vehicles Project <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 provides funds to purchase County-owned vehicles and <br /> major equipment. The project will be financed with proceeds from proceeds from <br /> portion of the one half-cent sales taxes, dedicated property taxes, p ro e <br /> private placement financing arrangements, and North Carolina Department of <br /> Transportation funds. <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 $2,215,295 $0 $2,215,295 <br /> Bond Funds $0 $0 $0 <br /> Alternative Financing $3,415,031 $0 $3,415,031 <br /> Grant Funds $667,374 $0 $667,374 <br /> Other $6,000 $0 $6,000 <br /> From Other County Capital <br /> Projects(PAYG) $0 $459,000 $459,000 <br /> Total Fundin $6,303,700 $459,000 $6,762,700 <br /> Section 4.The following amount is appropriated for this project: <br /> g$6,303,700 i h FY <br /> FY 2007-08 -08 <br /> Land/Building $0 $0 <br /> Design $0 $0 <br /> Construction $0 $0 <br /> Fyuipment&Vehicles $459,000 62,700 <br /> Total Costs $6,303,700 $459,000 62,700 <br /> Section 5. Th is ordinance supersedes all previous Equipment and Vehicle Capital Project <br /> Ordinances. <br /> Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />