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3 <br /> RES-2024-030 <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 capital outlay under N.C. Gen. Stat. § 115C-528 with CDWG and its assignee <br /> American Capital Financial Services, Inc., for the purchase and financing of certain computer <br /> hardware, software, and related equipment to be used for public school purposes; and <br /> WHEREAS, the contract will require the Orange County Board of Education to pay <br /> American Capital Financial Services, Inc., a total of three million, three hundred ninety-four <br /> thousand, three hundred eighty-five dollars and forty-eight cents ($3,394,385.48) over the 2024, <br /> 2025, 2026, and 2027 fiscal years, as reflected in more detail on the attached Schedule and <br /> subject to certain credits that the Board of Education may receive from American Capital <br /> Financial Services, Inc.; 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 <br /> Orange County Board of Commissioners. <br /> NOW, THEREFORE, BE IT HEREBY RESOLVED, that the Orange County Board of <br /> Commissioners agrees to appropriate sufficient funds to the Orange County Board of Education <br /> in ensuing fiscal years to meet the contract obligations with American Capital Financial Services, <br /> Inc., or CDWG's assignee, so long as the total amount appropriated by the Orange County Board <br /> of Commissioners for this purpose shall not exceed three million, three hundred ninety-four <br /> thousand, three hundred eighty-five dollars and forty-eight cents ($3,394,385.48). Said funds <br /> shall be a part of, and not in addition to, regular appropriations made to the Orange County <br /> Board of Education. Said funds obligated by this contract for fiscal years 2024, 2025, 2026, and <br /> 2027 shall be budgeted by the Orange County Board of Education for this, and no other, purpose <br /> and shall reflect any credits that the Board of Education may receive from American Capital <br /> Financial Services, Inc. The Orange County Board of Commissioners shall not be obligated to <br /> increase its annual appropriation to the Orange County Board of Education by the amount due <br /> under this contract. <br /> Resolved, this day of 2024 by the Orange County Board of <br /> Commissioners. <br /> Jamezetta Bedford, Chair <br />