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Capital Repairs/Replacement (Emergency) Reserve Fund <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 reserve funds that would be used to address major <br /> system/component needs, abatement, etc. that may arise after the budget Js <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 Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Sales Tax and Dedicated <br /> Property Tax $75,000 $0 $75,000 <br /> Bond Funds $0 $0 $0 <br /> 2004 Two-Thirds Net Debt $0 $0 $0 <br /> Grant Funds $2 2 $0 <br /> Dedicated Property Tax $0 $0 $0 <br /> Total Foo5lngi $75,000 1 $0 $75,000 <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 /> Lund/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> CAnShIletiOn $0 - $0 $0 <br /> Reserve $75,000 $0 $75,000 <br /> Total Budgetl $75,000 $0 $75,000 <br /> Section 5. This ordinance shall remain in effect until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />