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<br />Conservation Easements
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section
<br />i3.2 of Chapter 159 of the General Statutes of North Garolina, the following capital project is
<br />hereby adapted.
<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 /> Through FY
<br />2005-06
<br />FY 2006-07 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 $0 $0 $0
<br />Private Placement $2,250,000 $0 $2,250,000
<br />Grant Funds $2,268,681 $0 $2,268,681
<br />Fees $0 $0 $D
<br />Transfer from Lands Legacy
<br />Capital Project
<br />$143;000
<br />$0
<br />$143,000
<br />Total Funding $4,861,681 $150,000 $5,011,681
<br />The foliowin amount is a ro riated for this roject:
<br /> Through FY
<br />2005-06
<br />FY 2006-07 Through FY
<br />2006-07
<br />LandlBuilding:
<br />Walters Easement $725,000 $0 $725,000
<br />Volpe Easement $73,100 $0 $73,100
<br />Cheek Easement $580,000 $0 $580,000
<br />McPherson Easement $66,000 $0 $68,000
<br />Ward Easement $444,750 $0 $444,750
<br />Uoyd Easement $219,000 $0 $219,000
<br />Laws Easement $0 $0 $0
<br />Keith Easement $116,000 $0 $116,000
<br />Unallocated $2,635,831 $150,000 $2,785,831
<br />Total Land/Building $4,861,681 $150,000 $5,011,661
<br />Design $0 $0 $0
<br />Construction $0 $0 $0
<br />Total Costs $4,861,681 $150,000 $5,011,681
<br />Section 5. This ordinance supersedes all previous Conservation Easements Capita( Project
<br />Ordinances for Orange County.
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