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Employee Parking <br />Capital Project Ordinance <br />6~p~1U°~" d~a <br />~ -~~z -~~ Qo ~ <br />~, <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 adapted. <br />Section 1.The project authorized serves as the County's match for a North Carolina <br />Department of Transportation Congestion Mitigation and Air Quality (CMAQ) grant. <br />The grant funds along with the County match will offset the cast of constructing a <br />park and ride lot at a yet to be determined location. Proceeds from the County's <br />share of pay-as-you-go capital funds finance the project. <br />Section 2.The officers of the County are hereby directed to proceed with the projec# 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 2006-07 Through FY <br />2006-07 <br />Sales Tax and Dedicated <br />Property Tax <br />$0 <br />$50,000 <br />$50,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Property Tax $0. $4 $0 <br />Total Funding $0 $50,000 $50,400 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2005.06 <br />FY 2006-07 Thraugh FY <br />2006-07 <br />Land/Building $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $0 $50,000 $50,000 <br />Total Budget $0 $50,000 $50,000 <br />Section 5. This ordinance shall. remain in effect until June 30, 2007. <br />~a <br />Adopted this 12th day of September 2006. <br />