Orange County NC Website
Browse       Search
i~ /5 -a o~ ~ j b <br />~~ <br />Capital Repairs/Replacement (Emergency) Reserve Fund <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />i3.2 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 />systemlcomponent needs, abatement, etc. that may arise after the budget is <br />adopted. Pay-as-you-go funds would finance 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 />2004-OS <br />FY 1005-06 Through FY <br />2005-06 <br />Sales Tax and Dedicated <br />Property Tax <br />$0 <br />$25,000 <br />$25,OOD <br />Bond Funds $0 ' $0 $D <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Pro a Tax $0 $D $0 <br />Total Fundin $6 $25,000 $25,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2004-05 FY 2005-06 Through FY <br />2005-06 <br />LandBuiiding $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Reserve $0 $25,000 $25,000 <br />Total Bud et $0 $25,000 $25,OOD <br />Section 5. This ordinance shall remain in effect until June 30, 2006. <br />Adopted this 15th day of November 2005. <br />