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3 <br /> RES-2021-039 Attachment 1 <br /> RESOLUTION <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> ORANGE COUNTY,NORTH CAROLINA <br /> WHEREAS, the Orange County Board of Education wishes to enter into a continuing <br /> contract for financing with Apple Financial Services pursuant to N.C. Gen. Stat. § 115C-528 for the <br /> purchase of certain computer hardware, software, and related equipment to be used for public school <br /> purposes; and <br /> WHEREAS,the contract will require the Board of Education to pay Apple Financial Services <br /> up to $314,879.60 over the 2020-21, 2021-22, and 2022-23 fiscal years; and <br /> WHEREAS, the Board of Education will pay Apple Financial Services in approximate <br /> installments of$104,959.87 in the 2020-21 fiscal year, $104,959.87 in the 2021-22 fiscal year, and <br /> $104,959.86 in the 2022-23 fiscal year; and <br /> WHEREAS, the contract may be a continuing contract for capital outlay subject to the <br /> provisions of N.C. Gen. Stat. §§ 115C-441(c1) and 115C-528, including the approval of the Orange <br /> County Board of Commissioners; <br /> NOW, THEREFORE, BE IT HEREBY RESOLVED, that the Orange County Board of <br /> Commissioners approves the lease purchase agreement between Orange County Schools and Apple <br /> Financial Services, and understands that Orange County Schools will use available funds from the <br /> School district's local fund balance to meet the Apple Financial Services contract obligations, so long <br /> as the amount the Board of Education shall be obligated to pay under that contract shall be generally <br /> equal to the amounts noted above. Said funds obligated by this contract for fiscal years 2020-21, <br /> 2021-22, and 2022-23 shall be budgeted by the Board of Education for this purpose, and the Orange <br /> County Board of Commissioners shall not be obligated to increase its annual appropriation to the <br /> Orange County Board of Education by the amount due under the contract. <br /> Adopted and resolved,this the day of , 2021 by the Orange County Board of <br /> Commissioners. <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> Laura Jensen <br /> Clerk to the Board <br />