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RES-2025 - 0271 �- 1 V J31� � <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 American Capital Financial <br /> Services , Inc . , for the purchase and financing of certain computer hardware , software , and <br /> 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 one million , nine hundred and one thousand , <br /> six hundred fifty eight dollars and eighty-eight cents ( $ 1 , 901 , 658 . 88 ) over the 2026 , 2027 ) 2028 ) <br /> and 2029 fiscal years ; 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 . so long as the amount the Orange County Board of Education shall be obligated to pay <br /> under that contract shall not exceed the amounts recited above . Said funds shall be a part of, <br /> and not in addition to , regular appropriations made to the Orange County Board of Education . <br /> Said funds obligated by this contract for fiscal years 2026 , 2027 , 2028 , and 2029 shall be <br /> budgeted by the Orange County Board of Education for this purpose and the Orange County <br /> Board of Commissioners shall not be obligated to increase its annual appropriation to the Orange <br /> County Board of Education by the amount due under this contract with American Capital <br /> Financial Services , Inc . <br /> Resolved , this � day of 2025 by the Orange County Board of <br /> Commissioners . <br /> Jamez a Bed ord , Chair <br /> 17 52 <br />