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c~~fJ- 2c~o.3 - oyc~ <br />~-~~-- ~oo,~ <br />~'~ <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, appropriated fund balance from the County <br />Capital Projects Fund, and grant funds from the North Carolina Department of <br />Transportation. <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 />2002-03 <br />FY 2003-04 Through FY <br />.2003-04 <br />Sales Tax $5,345,664 $0 $5,345,664 <br />Bond Funds $0 $0 <br />Private Placement $0 $0 <br />Grant Funds $1,052,094 $1,052,094 <br />Other $220,000 $220,000 <br />Total Funding $6,617,758 $0 $6,617,758 <br />Section 4. A portion of the funds available for this project have been expended. The following <br />amendment is anticipated to close these amounts: <br /> Through FY Through FY <br /> 2002-03 FY 2003-04 2003-04 <br />Transfer from County <br />Capital Reserve (1992-93) $239,583 $239,583 <br />Transfer from County <br />Capital Reserve (1993-94) $348,384 $348,384 <br />Transfer from County <br />Capital Reserve (1994-95) $351,954 $351,954 <br />Intergovernmental (1992- <br />93) $32,935 $32,935 <br />Intergovernmental (1993- <br />9a) $4,688 $4,688 <br />Intergovernmental (1944- <br />95) $128,822 $128,822 <br />Total $1,106,366 $0 $1,106,366 <br /> <br />