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11
<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.
<br />The followinci amount is a ro riated for this project:
<br />Through FY
<br />2005 -06
<br />FY 2006 -07
<br />Through FY
<br />2006 -07
<br />Sales Tax and Dedicated
<br />Properly Tax
<br />$200,000
<br />$150,000
<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 />$2,268,681
<br />$0
<br />$2,268,681
<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 Fun_dingl
<br />$4,861,681
<br />$150,50-TI
<br />$5,011,681
<br />The followinci amount is a ro riated for this project:
<br />Section 5. This ordinance supersedes all previous Conservation Easements Capital Project
<br />Ordinances for Orange County.
<br />Through FY
<br />2005-06
<br />IY 2006 -07
<br />Through FY
<br />2006 -07
<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 />Ward 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 />Unallocated
<br />$2,635,831
<br />$150,000
<br />$2,785,831
<br />Total Land/Building
<br />$4,861,681
<br />$150,000
<br />$5,011,681
<br />Design
<br />$0
<br />$0
<br />$0
<br />Construction
<br />$0
<br />$0
<br />$0
<br />Total Costsl
<br />$4,861,6811
<br />$150,000
<br />$5,011,681
<br />Section 5. This ordinance supersedes all previous Conservation Easements Capital Project
<br />Ordinances for Orange County.
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