ORD-2007-072 - Fiscal Year 2007-2008 Budget - Capital Project and Grant Project Ordinances

Browse Search

Conservation Easements Capital Project Ordinance Be it ordained by the Orange County.Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds for the acquisition of conservation easements to help preserve County farmland. Financing for the project includes proceeds from private placement loans, federal grant funds from the USDA Natural Resource Conservation Service, and proceeds from the County's share of pay-as-you-go capital funds. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Through FY Through FY 2006-07 FY 2007-08 2007.08 Sales Tax and Dedicated $350,000 $0 $350,000 Property Tax Bond Funds $0 $0 Private Placement $2,250,000 $0 $2,250,000 Grant Funds $2,407,206 $0 $2,407,206 Fees $0 $0 $0 Transfer from Lands Legacy Capital Project $143,000 $0 $143,000 Total Funding $5,150,206 $0 $5,150,206 Section 4. The following amount is appropriated for this roject: Through FY Through FY 2006.07 FY 2007.08 2007-08 Land/Building: Walters Easement $725,000 $0 $725,000 Volpe Easement $73,100 $0 $73,100 Cheek Easement $580,000 $0 $580,000 $68,000 McPherson Easement $68,000 $0 Ward Easement $444,750 $0 $444,750 Llo d Easement $219,000 $0 $219,000 Laws Easement $0 $0 $0 Keith Easement $116,000 $0 $116,000 Fickle Creek Farm Easement $277,658 $0 $277,658 Unallocated $2,646,698 $0 $2,646,698 Total Land/Building $5,150,206 $o $5,150,2$0 Design _$0_$0_$0 Construction $0 Total Costs $5;150,206 $0 $5,150,206