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<br />Conserve#ion Easements
<br />Capital Project Ordinance
<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. Financing for the project includes
<br />proceeds from private placemerit loans and federal grant funds from the USDA
<br />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 /> Through FY 2004-
<br />05
<br />FY 2005-06 Tluough FY 20
<br />06
<br />Sales Tax and Dedicated Property
<br />Tax
<br />$0
<br />$200,000
<br />$200,000
<br />Bond Funds $0 $0 $0
<br />Private Placement $1,500,000 $754,000 $2,250,OOD
<br />Grant Funds $2,268,G81 $0 $2,2G8,681
<br />Fees $0 $0 $0
<br />Transfer from Lands Legacy
<br />Ca ital Project
<br />$27,000
<br />$0
<br />$27,000
<br />Total Funding $3,795,681 $950,000 $4,745,681
<br />Section 4. The following amount is appropriated for this project:
<br /> Through FY
<br />2004-OS
<br />FY 2005-06 Through FY
<br />2005-06
<br />Land/Buildin
<br />Walters Easement $725,000 $0 . $725,000
<br />Vol Easement $73,100 $0 $73,100
<br />Cheek Easement $580,000 $0 $580,000
<br />McPherson Easement $G8,000 $0 $68,000
<br />Ward Easement $444,750 $0 $444,750
<br />LIoyd Easement $219,000 $0 $219,000
<br />Laws Easement $0 $0 $0
<br />Unallocated $1,685,831 $950,000 $2,635,831
<br />Totol Land/I3uilding $3,795,G81 $950,000 $4,745,681
<br />Design $0 $0 $0
<br />Construction $0 $0 $0
<br />Total Costs $3,795,G81 $950,000 $4,745,G81
<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 15th day of November 2005.
<br />
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