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10 <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 /> 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. 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 Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Sales Tax and Dedicated <br /> Property Tax $0 $25,000 $25,000 <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 $0 $0 <br /> Total Funding $0 $25,000 $25,000 <br /> Section 4.The following amount is appropriated for this project: <br /> Through FY FY 2005-06 Through FY <br /> 2004-05 2005-06 <br /> Land/Building $0 $0 To- <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Reserve $0 $25,0001 $25,000 <br /> Total Bud et $0 $25,000 1 525,000 <br /> Section 5. This ordinance shall remain in effect until June 30, 2006. <br /> Adopted this 15th day of November 2005. <br />