ORD-2007-127 - Equipment and Vehicles Project Capital Project Ordinance

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;zoo 7.1Zi ;76 Equipment and Vehicles Project 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 provides funds to purchase County -owned vehicles and major equipment. The project will be financed with proceeds from the County's portion of the one half -cent sales taxes, dedicated property taxes, proceeds from private placement financing arrangements, and North Carolina Department of Transportation funds. 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: Section 5. Section 6. Through FY Through FY 2006 -07 FY 2007 -08 2007 -08 Sales Tax and Dedicated $0 $0 $0 Property Tax $2,215,295 $0 $2,215,295 Bond Funds $0 $0 $0 Alternative Financing $3,415,031 $0 $3,415,031 Grant Funds $667,374 $0 $667,374 Other $6,000 $0 $6,000 From Other County Capital Projects (PAYG) $0 $459,000 $459,000 Total Funding $6,303,700 $459,0001 $6,762,700 Section 4.The following amount is appropriated for this project: Section 5. Section 6. This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. Adopted this 26ti' day of June 2007. Through FY Through FY 2006 -07 FY 2007 -08 2007 -08 Land/Building $0 $0 $0 Design $0 $0 $0 Construction $0 $0 $0 Equipment & Vehicles $6,303,700 $459,000 $6,762,700 Total Costs $6,303,700 $459,000 $6,762,700 This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. Adopted this 26ti' day of June 2007.