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~~p-~oo~- o~~ <br />~_ii~.-off 1~ <br />~r• <br />Capita{ Repairs/Replacement (Emergencyy 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 is <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 <br />2005-06 <br />FY 100b-07 Through FY <br />1006-07 <br />Sales Tax and Dedicated <br />Property Tax <br />$25,000 <br />$50,000 <br />$75,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Pro a Tax $0 $0 $0 <br />Total Fundin $25,000 $50,000 $75,000 <br />Section 4.The following amount is appropriated far this project: <br /> Through FY <br />1005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />Land/Buildin $0 $0 $0 <br />Desi n $0 $0 $0 <br />Construction $0 $0 $0 <br />Reserve $25,000 $50,000 $75,000 <br />Total Bud et $25,000 $50,000 $75,000 <br />Section 5. This ordinance sha11 remain in effecf until June 30, 2007. <br />Adopted this 12th day of September 2006. <br />