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i <br /> RES -2024 - 030 <br /> 4 <br /> RESOLUTION <br /> I <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 /> GG <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 /> 20251 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 j <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 E <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 /> I <br /> I : <br /> Resolved , this day of 2024 by the Orange County Board of <br /> Commissioners . <br /> Jam zetta Wdford , Chair <br /> � z � z <br /> I <br />