|
�a
<br />ATTAC MENT 5
<br />Consery ation Easements
<br />Capital Project Ordinance
<br />yam"
<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 Dedcated
<br />Property Tax
<br />$350,000
<br />$0
<br />$350,000
<br />Bond Funds
<br />$0
<br />$0
<br />$0
<br />Private Placernent
<br />$2,250,000
<br />$0
<br />$2,250,000
<br />Grant Funds
<br />$2,407,206
<br />$781,661
<br />$3,188,867
<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 FurKrIngJ
<br />$5,150,206
<br />1 $781,6611
<br />$5,931,867
<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 />LandlBuildi :
<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 />$01.
<br />$68,000
<br />Ward Easement
<br />$444,750
<br />$0
<br />$444,750
<br />Lloyd Easement
<br />$219,000
<br />$0
<br />$219,000
<br />Laws Easerent
<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 />Tate Easement
<br />$0
<br />$333,750
<br />$333,750
<br />Unallocated
<br />$2,646,698
<br />($765,489 )
<br />$1,881,209
<br />Total Land/Building
<br />$5,150,206
<br />$781,661
<br />$5,931,867
<br />Design
<br />$0
<br />$0
<br />$0
<br />Consiniction
<br />$0
<br />$0
<br />$0
<br />Total Costs
<br />$5,150,206
<br />$781,661
<br />$5,931,867
<br />
|