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Item 4-V -June 15, 2010 Regular Meeting 9
<br />REVISED 6/14/10 Q~ ~ _ a~ ~~ - 05" I
<br />- Attachment 4 __
<br />Lands Legacy
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to
<br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following
<br />capita{ project is hereby adopted.
<br />Section 1. The project authorized provides funds to protect identified natural areas
<br />and prime forestlands, and preserve critical cultural and archaeological
<br />sites. In addition funds may be used to acquire lands for future park sites,
<br />farmland conservation easements, and nature preserves. The BOCC
<br />approves transferring $450,000 of this project to the Unallocated Project
<br />Account to be closed as of June 30, 2010.
<br />Section 2. The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br />Section 4.
<br /> Through FY 2009
<br />10 Amended June
<br />15, ZO10 Item 4. V Through FY
<br />20D9-10
<br />Sales Tax $3,966,016 ($450,000) $3,516,016
<br />1997 Bonds $2,700,000 $0 $2,700,000
<br />2001 Bonds $5,250,000 $0 $5,250,000
<br />2004 Two-Thirds Net Debt $300,000 $0 $300,000
<br />Grant Funds $421,950 $0 $421,950
<br />Debt Financing $2 800 000 $0 $2,800,000
<br />Other(Transfer from Other
<br />F~~)
<br />$2,241,611
<br />$0
<br />$2,241,611
<br />Total Fundin $17,679,577 ($450,000) $17,229,577
<br />~.C iviiuwii~y amount is appropnatea for this project:
<br />
<br />Through FY 2009-
<br />10 Amended
<br />June15, 2010 Item
<br />4. V.
<br />Through FY
<br />2009-10
<br />~~~~ $15,971,564 ($450,000) $15,521,564
<br />Design $0 $0 $0
<br />Construction $0 $0 $0
<br />Eno River Confluence Pro erty $250,000 $0 $250,000
<br />Kirby Pro erty $1,458,013 $0 $1,458,013
<br />Total Costs $17,679,577 ($450,000) $17,229,577
<br />Section 5. The following amounts have been transferred to other County Capital
<br />Projects:
<br />
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