|
Conservation Easements
<br />Capital Project Ordinance
<br />®Rr~-a-~r~-r~ °r~i 48
<br />~`9 ~
<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. The officers of the County are hereby directed to proceed with the project within
<br />the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br /> Through FY
<br />2005-06
<br />FY 2006-07 Through FY
<br />2006-07
<br />Sales Tax and t7edicated
<br />ProperiyTax
<br />$200,000
<br />$150,000
<br />$350,000
<br />Bond Funds $0 $0 $0
<br />Private Placement $2,250,000 $0 $2,250,000
<br />Grant Funds $2,268,681 $138,525 $2,407,206
<br />Fees $0 $0 $0
<br />Transfer from Lands Legacy
<br />Capital Project
<br />$143,000
<br />$0
<br />$143,000
<br />Total Funding $4,861,681 $288,525 $5,15D,206
<br />Section 4. The followin amount is appropriated for this ro'ect:
<br /> Through FY
<br />2005-06
<br />FY 2006-07 Through FY
<br />2006-07
<br />LandlBuildin
<br />Walters Easement $725,000 $0 $725,000
<br />Vol Easement $73,100 $0 $73,100
<br />Cheek Easement $580,000 $0 $580,000
<br />.McPherson Easement $68,000 $0 $68,000
<br />Ward Easement $444,750 $0 $444,750
<br />Llo d Easement $219,000 $0 $219,000
<br />Laws Easement $0 $0 $0
<br />Keith Easement $116,000 $0 $116,000
<br />Fickle Creek Farm Easement $0 $277,658 $277,658
<br />Unallocated $2,635,831 $10,867 $2,646,698
<br />Total LandlBuilding $4,861,681 $288,525 $5,150,206
<br />Design $0 $0 $0
<br />Construction $0 $0 $0
<br />Total Costs $4,861,681 $288,525 $5,150,206
<br />
|