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3. That the sums of $38,140,062 in the FY 2019 Capital Improvement Fund, $250,000 in the FY 2019 Parking Authority Capital Improvement Fund, and $56,800,000 in the FY 2019 Public Utilities Capital Improvement Fund, be, and the same hereby are, appropriated for expenditure in the following categories and amounts to implement the FY 2019 -2023 Capital Improvement Program: Capital Improvement Fund Drainage and Street Improvements $ 14,635,375 Education 7,800,000 Industrial and Economic Development 300,000 Municipal Facilities 11,589,687 Fleet Management 3,450,000 Leisure Services 365,000 Total Capital Improvement Fund $38,140,062 Parking Authority Capital Improvement Fund $250,000 Public Utilities Capital Improvement Fund Water $ 41,650,000 Sewer 14,500,000 Municipal Facilities 650,000 Total Public Utilities Capital Improvement Fund $56,800,000 4. That it is the intent of the City to make certain expenditures in connection with the planning, design, acquisition, construction and equipping of the projects herein approved which the City reasonably expects to be reimbursed as permitted by Section 1.150 -2 of the regulations pursuant to the Internal Revenue Code of 1986, as amended, from the proceeds of one or more issues of bonds issued to fund the projects. As of the date of this ordinance, the maximum projected amount of general obligation bonds and notes to be issued is not expected to exceed $21,114,844. As of the date of this ordinance, the maximum projected amount of revenue bonds and notes to be issued is not expected to exceed $55,900,000. 5. That the City Manager is hereby authorized and directed to do all things necessary to implement the FY 2019 -2023 Capital Improvement Program. 6. That this ordinance shall take effect on July 1, 2018. ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on May 8, 2018. Teste: City Clerk