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ATTACHMENT O
<br />Conservation Easements
<br />Capital Project Ordinance
<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 />Section 4. The following amount is appropriated for this project:
<br />Through FY
<br />2006-07
<br />FY 2007-08
<br />Through FY
<br />2007 -08
<br />Sales Tax and Dedicated
<br />Property Tax
<br />$350,000
<br />$0
<br />$350,000
<br />Bond Funds
<br />$0
<br />$0
<br />$0
<br />Private Placement
<br />$2,250,000
<br />$0
<br />$2,250,000
<br />Grant Funds
<br />$2,407,206
<br />$573,161
<br />$2,980,367
<br />Fees
<br />$0
<br />$0
<br />$0
<br />Transfer from Lands Legacy
<br />Capital Project
<br />$143,000
<br />$0
<br />$143,000
<br />Total Fundingi
<br />$5,150,206
<br />$573,1611
<br />$5,723,367
<br />Section 4. The following amount is appropriated for this project:
<br />Through FY
<br />2006 -07
<br />FY 2007 -08
<br />Through FY
<br />2007 -08
<br />Land/Building:
<br />Walters Easement
<br />$725,000
<br />$0
<br />$725,000
<br />Volpe Easement
<br />$73,100
<br />$0
<br />$73,100
<br />Cheek Easement
<br />$580,000
<br />$0
<br />$580,000
<br />McPherson Easement
<br />$68,000
<br />$0
<br />$68,000
<br />Wand Easement
<br />$444,750
<br />$0
<br />$444,750
<br />Lloyd Easement
<br />$219,000
<br />$0
<br />$219,000
<br />Laws Easement
<br />$0
<br />$0
<br />$0
<br />Keith Easement
<br />$116,000
<br />$0
<br />$116,000
<br />Fickle Creek Farm Easement
<br />$277,658
<br />$0
<br />$277,658
<br />McKee Easement
<br />$0
<br />$612,000
<br />$612,000
<br />Latta Easement
<br />$0
<br />$601,400
<br />$601,400
<br />Unallocated
<br />$2,646,698
<br />($640,239 )
<br />$2,006,459
<br />Total Land/Building
<br />$5,150,206
<br />$573,161
<br />$5,723,367
<br />Design
<br />$0
<br />$0
<br />$0
<br />Construction
<br />$0
<br />$0
<br />$0
<br />Totai Costsl
<br />$5,150,2061
<br />$573,1611
<br />$5,723,367
<br />
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