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APPROVED 11/1(/04 <br />7 <br />ORANGE COUNTY BOARD OF COMMISSIONERS <br />A RESOLUTION GOVERNING THE EXPENDITURE OF CAPITAL FUNDS ON <br />ORANGE COUNTY GOVERNMENT AND PUBLIC SCHOOL STRUCTURES <br />WHEREAS, the Orange County Board of Conunissioners has adopted a Schools <br />Adequate Public Facilities Ordinance that makes pl°edictable the development of school <br />facilities for the next decade; and <br />WHEREAS, the County dedicated 77 percent of its capital expenditures for school <br />purposes over the I S-year period from 1988 through 200.3; and <br />WHEREAS, during that same period necessary capital expenditures for County projects <br />were deferred, delayed, or curtailed due to lack of sufficient fiords; and <br />WHEREAS, there is a large bacldog of building construction necessary to meet the <br />needs of a growing county that require a determined effort to bring to bear additional <br />capital r~esourees in a timely mamler. <br />NOW, THEREFORE, BE IT RESOLVED that the Orange County Board of <br />Commissioners does hereby adopt in principle a policy of allocating a target of 60 percent of <br />capital expenditures for school projects and 40 percent of capital expenditures for county <br />projects over the decade beginning in calendar year 2005. <br />This, the 16th day of November, 2004. <br />