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ATTACHMENT 5
<br />Conservation Easements 4 Q ~ ~Qa~-o3~ 13
<br />Capital Project Ordinance ~ -~~' `z4~-~
<br />L
<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.
<br /> Through FY 2003-
<br />04
<br />F'Y 2004-05 Through FY 2004-
<br />OS
<br />Sales Tax $0 $0 $0
<br />Band Fiords $0 $0 $0
<br />Private Placement $1,000,000 $500,000 $1,500,000
<br />~F~ $1,422,995 $845,686 $2,268,681
<br />F~ $0 $0 $0
<br />Transfer fromLands Legacy
<br />ital Project
<br />$0
<br />$27,000
<br />$27,000
<br />Total )N~n ' $2,422,995 51,372,686 53,795,681
<br />TnP fnnnwina amount is anorooriated for this project:
<br /> Through FY 2003-
<br />04
<br />FY 2004-05 Through FY 200
<br />05
<br />LandBuil
<br />Walters Easement $725,000 $0 $725,000
<br />Vo a Easement $73,100 $0 $73,100
<br />Cheek Easement $580,000 $0 $580,000
<br />McPherson Easement $0 $68,000 $68,000
<br />Ward ~~~ $0 $444,750 $444,750
<br />Llo d Easement $0 $219,000 $219,000
<br />Unallocated $1,044,895 $640,936 $1,685,831
<br />Total LandBuil ' $2,422,995 $1,372,686 $3,795,681
<br />Desi $0 0 $0
<br />Construction $0 0 $0
<br />Total Costs $2,422,995 $1,372,686 $3,795,681
<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, 2006.
<br />Adopted this 23rd day of June 2005.
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