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ATTACHMENT 4 <br />Conservation Easements <br />Capital Project Ordinance <br />16 <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 with a priority placed on farms with <br />a strong conservation track record in water supply watersheds. Financing for the <br />project includes proceeds from private placement loans and federal grant funds <br />from the USDA Natural Resource Conservation Service. <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 proiect: <br />Through FY 2003 - <br />04 <br />FY 2004-05 <br />Through FY 2004- <br />05 <br />Sales Tax <br />$0 <br />$0 <br />$0 <br />Bond Funds <br />$0 <br />$0 <br />$0 <br />Private Placement <br />$1,000,000 <br />$500,000 <br />$1,500,000 <br />Grant Funds <br />$1,422,995 <br />$0 <br />$1,422,995 <br />Fees <br />$0 <br />$0 <br />$0 <br />Transfer from Lands Legacy <br />,Capital Project <br />$0 <br />$27,000 <br />$27,000 <br />Total Fundingl Fund' <br />$2,422,995 <br />1 $527,000 <br />1 $2,949,995 <br />Section 4. The following amount is appropriated for this proiect: <br />Section 5. This ordinance supersedes all previous Conservation Easements Capital Project <br />Ordinances for Orange County. <br />Section 6. This ordinance shall remain in effect until June 30, 2005. <br />Adopted this 24th day of January 2005. <br />Through FY 2003 - <br />04 <br />FY 2004-05 <br />Through FY 200 <br />05 <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 />$0 <br />$68,000 <br />$68,000 <br />Ward Easement <br />$0 <br />$444,750 <br />$444,750 <br />Lloyd Easement <br />$0 <br />$219,000 <br />$219,000 <br />Unallocated <br />$1,044,895 <br />($204,750) <br />$840,145 <br />Total Land/Building <br />$2,422,995 <br />$527,000 <br />$2,949,995 <br />Design <br />$0 <br />0 <br />$0 <br />Construction <br />$0 <br />0 <br />$0 <br />Total Costs <br />$2,422,9951 <br />$527,0001 <br />$2,949,995 <br />Section 5. This ordinance supersedes all previous Conservation Easements Capital Project <br />Ordinances for Orange County. <br />Section 6. This ordinance shall remain in effect until June 30, 2005. <br />Adopted this 24th day of January 2005. <br />