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~ (p <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 />systemlcomponent needs, abatement, etc. that may arise after the budget is <br />adopted. Proceeds from the County's share of pay-as-you-go capital funds finance <br />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 />2005.06 <br />rY Z00G-07 Through FY <br />2006-07 <br />Sales Tax and Dedicated <br />Property Tax <br />_ $25,000 <br />$50,000 <br />$75,000 <br />Bond Funds _ $0 $D $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 __ 50 $0 <br />Dedicated Pro erty Tax 50 _ $0 $0 <br />Total Funding 525,000 550,000 575,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />.2005-06 <br />FY 2006.07 Through FY <br />2006-07 <br />LandlBuildin $0 50 $0 <br />Desi n _ <br />~ $0 _~ $0 $0 <br />Construction $0 $0 50 <br />Reserve 525,000 $50,000 $75,000 <br />Total Budget 525,000 550,000 575,000 <br />Section 5. This ordinance shall remain in effect until June 30, 2007. <br />Adopted this 12th day of September 2006.. <br />