ORD-2005-158 - Conservation Easements Capital Project Ordinance

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Conservation Easements Capital Project Ordinance vGZr~ -aad/-- J6S~ ,o „f8'~Zavs ~~ ~S Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds for the acquisition of conservation easements to help preserve County farmland with a priority placed on farms with a strong conservation track record in water supply watersheds. Financing for the project includes proceeds from private placement loans and federal grant funds from the USDA Natural Resource Conservation Service. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Through FY 2004- 05 FY 2005-06 Through FY 2005- 06 Sales Tax $0 $0 $0 Bond Funds $0 $0 $0 Private Placement $1,500,000 $950,000 $2,450,000 Crrant Funds $2,268,681 $0 $2,268,681 Fees $0 $0 $0 Transfer from Lands Legacy Capital Project $27,000 $0 $27,000 Total Fin ' $3,795,681 $950,000 $4,745,681 Section 4. The following amount is appropriated for this protect: Through FY .2004-05 FY 2005-06 Through FY 2005-06 LandBuildin Walters Easement $725,000 $0 $725,000 Vol a Easement $73,100 $0 $73,100 Cheek Easement $580,000 $0 $580,000 McPherson Easement $68,000 $0 $68,000 Wazd Easement $444,750 $0 $444,750 Lloyd Easement $219,000 $0 $219,000 haws Easement $0 $0 $0 Unallocated $1,685,831 $950,000 $2,635,831 Total LandBuildin $3,795,681 $950,000 $4,745,681 Desi $0 $0 $0 Construction $0 $0 $0 Total Costs $3,795,681 $950,000 $4,745,681 Section 5. This ordinance supersedes all previous Conservation Easements Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect until June 30, 2006. Adopted this 18th day of October 2005.