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ORD-2010-028 Conservation Easement Capital Project Ordinance
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ORD-2010-028 Conservation Easement Capital Project Ordinance
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Last modified
3/13/2019 3:05:29 PM
Creation date
3/18/2010 4:20:03 PM
Metadata
Fields
Template:
BOCC
Date
3/16/2010
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
4h
Document Relationships
Agenda - 03-16-2010 - 4h
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2010\Agenda - 03-16-2010 - Regular Mtg.
Minutes 03-16-2010
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2010
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pRD- ao rO ~ oag <br />5 <br />Conservation Easements , , , ~ r.,l ~ _~~ _-~l~~ <br />Capital Project Ordinance ,f ~~~ j'l ~ <br />~/ h <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1. The project authorized provides funds for the acquisition of conservation <br />easements to help preserve County farmland. Financing for the project includes <br />proceeds from private placement loans, federal grant funds from the USDA <br />Natural Resource Conservation Service, and proceeds from the County's share <br />of pay-as-you-go capital funds. <br />Section 2. <br />Section 3. <br />The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />The following revenue is anticipated to complete this project: <br /> Through FY <br />2008-09 <br />FY 2009-10 Through FY <br />2009-10 <br />Sales Tax and Dedicated <br />Properly Tax <br />$350,000 <br />$0 <br />$350,000 <br />Bond Funds $0 $0 $0 <br />Private Placement $2,250,000 $0 $2,250,000 <br />Grant Funds $3,400,957 $0 $3,400,957 <br />Fees $0 $0 $0 <br />Transfer from Lands Legacy <br />Capital Project <br />$143,000 <br />$0 <br />$143,000 <br />Total Funding $6,143,951 $0 $6,143,957 <br />
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