ORD-2005-032 - Budget Amendment #14

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ATTACHMENT 3 I 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 and proceeds from private placement financing arrangements. 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 2003 - 04 FY 2004 -05 Through FY 2004 -05 Sales Tax $498,295 $50,000 $548,295 Bond Funds $0 $0 $0 Private Placement Loan $0 $1,821,506 $1,821,506 Grant Funds $0 $0 $0 Other $0 $0 $0 Total Funding $498,295 $1,871,506 $2,369,801 Section 4.The following amount is appropriated for this project: Section 5. This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2006. Adopted this 23rd day of June 2005. Through FY 2003 -04 FY 2004 -05 Through FY 2004 -05 Land/Building $0 $0 $0 Design $0 $0 $0 Construction $0 $0 $0 Equipment & Vehicles $498,295 1 $1,871,5061 $2,369,801 Total Costs $498,2951 $1,871,5061 $2,369,801 Section 5. This ordinance supersedes all previous Equipment and Vehicle Capital Project Ordinances. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2006. Adopted this 23rd day of June 2005.