ORD-2007-125 - Employee Parking Capital Project Ordinance

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0A 4) - 4,00'7- L -2 / -a 4 -aoo & � Employee Parking Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1.The project authorized serves as the County's match for a North Carolina Department of Transportation Congestion Mitigation and Air Quality (CMAQ) grant. The grant funds along with the County match will offset the cost of constructing a park and ride lot at a yet to be determined location. Proceeds from the County's share of pay -as- you -go capital funds finance the project. Section 2.The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3.The following revenue is anticipated to complete this project: Section 4.The following amount is appropriated for this project: Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Sales Tax and Dedicated Property Tax $50,000 $0 $50,000 Bond Funds $0 $0 $0 2004 Two- Thirds Net Debt $0 $0 $0 Grant Funds $0 $0 $0 Dedicated Property Tax $0 $0 $0 Total Funding $50,000 $0 $50,000 Section 4.The following amount is appropriated for this project: Section 5. This ordinance shall remain in effect until June 30, 2008. Adopted this 26th day of June 2007 Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Land /Building $0 $0 $0 Design $0 $0 $0 Construction $0 $0 $0 Other $50,000 $0 $50,000 Total Budgetl $50,000 1 $0 $50,000 Section 5. This ordinance shall remain in effect until June 30, 2008. Adopted this 26th day of June 2007