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/,°t <br />Equipment and Vehicles Project `~ ~ <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 funds to purchase County-owned vehicles and <br />major equipment. The project will be financed with proceeds from the County's <br />portion of the one half-cent sales taxes, dedicated property taxes, and proceeds <br />from- private placement financing arrangements. <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 2005-06 Through FY <br />2005-06 <br />Sales Tax and Dedicated <br />Propert Tax <br />$548,295 <br />$2b7,000 <br />$815,295 <br />Bond Funds $0 $0 $0 <br />Alternative Financin $2,199,806 SO $2,199,866 <br />Grant Funds $b67,374 $0 $G67,374 <br />Other $0 $0 $0 <br />Total Funding $3,415,475 $267,000 $3,682,475 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2004-05 <br />FY 2005-06 Through FY <br />2005-06 <br />Land/Buildmg $0 $0 $0 <br />Design $0 $0 ~0 <br />Construction $0 $0 $0 <br />Equi ment & Vehicles $3,415,475 $2b7,000 $3,b82,475 <br />Total Costs $3,415,475 $267,000 $3,682,475 <br />Section 5. This ordinance supersedes all previous Equipment and Vehicle Capital Project <br />Ordinances. <br />Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2006. <br />Adopted this 15"' day of November 2005, <br />