Agenda - 09-21-2010 - 4k - Laserfiche WebLink

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o~p-~o~~_ ©~3 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 21, 2010 Action Agenda Item No. q-- - K SUBJECT: Appropriate Payment-in-Lieu Funds from the Parks and Open Space Subdivision Payment-in-Lieu Fund and Approve Budget Amendment #1-A DEPARTMENT: Financial Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Open Space -Subdivision Payment-in- Lieu Funds INFORMATION CONTACT: Clarence Grier, (919) 245-2453 Michael Talbert, (919) 245-2153 David Stancil, (919) 245-2510 PURPOSE: To appropriate $656,481 of Payment-in-Lieu funds from the Parks and Open Space Subdivision Payment-in-Lieu Fund to fund authorized projects from 2002 to 2008. BACKGROUND: The Parks and Open Space Subdivision Payment-in-Lieu Fund was established by the Board of County Commissioners to provide funds to help purchase land and/or construct facilities for parks and open space for different areas of the County. Each new subdivision pays an amount based on a formula per the number of lots created or total acreage. The funds are paid into four geographic district accounts and must be expended in that district for parkland or open space acquisition, or facilities, to serve the residents in the district. CURRENT SITUTATION: The Board approved funding for the first project, the Seven Mile Creek Preserve, on April 1, 2001. Since April 1, 2001, eight different projects have been approved for a total of $831,504. Below is a list of approved projects: FY 01/02 Seven-Mile Creek Preserve $260,000 FY 01/02 Twin Creeks/Moniese Nomp 50,000 FY 01/02 Blackwood Farm 117,000 FY 03/04 Northern Park (NHSC) 11,481 FY 03/04 Little River Park 40,000 FY 04/05 Millhouse Road Park 30,000 FY 07/08 Cedar Grove Park 148,000 FY 09/10 Fairview Park, Phase II 175,023 Total $831,504