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of� D - ,qo �0 - 0 -73 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: September 21, 2010 <br />Action Agenda <br />Item No. + -K <br />SUBJECT: Appropriate Payment -in -Lieu Funds from the Parks and Open Space <br />Subdivision Payment -in -Lieu Fund and Approve Budget Amendment #1 -A <br />DEPARTMENT: Financial Services PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): <br />Open Space — Subdivision Payment -in- <br />Lieu Funds <br />INFORMATION CONTACT: <br />Clarence Grier, (919) 245 -2453 <br />Michael Talbert, (919) 245 -2153 <br />David Stancil, (919) 245 -2510 <br />PURPOSE: To appropriate $656,481 of Payment -in -Lieu funds from the Parks and Open <br />Space Subdivision Payment -in -Lieu Fund to fund authorized projects from 2002 to 2008. <br />BACKGROUND: The Parks and Open Space Subdivision Payment —in -Lieu Fund was <br />established by the Board of County Commissioners to provide funds to help purchase land <br />and /or construct facilities for parks and open space for different areas of the County. Each new <br />subdivision pays an amount based on a formula per the number of lots created or total acreage. <br />The funds are paid into four geographic district accounts and must be expended in that district <br />for parkland or open space acquisition, or facilities, to serve the residents in the district. <br />CURRENT SITUTATION: The Board approved funding for the first project, the Seven Mile <br />Creek Preserve, on April 1, 2001. Since April 1, 2001, eight different projects have been <br />approved for a total of $831,504. Below is a list of approved projects: <br />FY 01/02 <br />Seven -Mile Creek Preserve <br />$260,000 <br />FY 01/02 <br />Twin Creeks /Moniese Nomp <br />50,000 <br />FY 01/02 <br />Blackwood Farm <br />117,000 <br />FY 03/04 <br />Northern Park (NHSC) <br />11,481 <br />FY 03/04 <br />Little River Park <br />40,000 <br />FY 04/05 <br />Millhouse Road Park <br />30,000 <br />FY 07/08 <br />Cedar Grove Park <br />148,000 <br />FY 09/10 <br />Fairview Park, Phase II <br />175.023 <br />Total $831,504 <br />