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4/24/09 Alternative Debt Financing <br />$ 1,100, 000 <br />Available Balance as of June 30, 2010 <br />After 1/20/11 BOCC Action <br />Closing of Prior Years Activities $ 860,809 <br />Fiscal 2009/2010 Activity <br />Purchase of Historic Moorefield property <br />As an addition to Seven Mile Creek Preserve $ 151,000 <br />Fiscal 2007/2008 Activity <br />Purchase of Eno River Confluence Property 88,191 <br />Total <br />$ 1,100,000 <br />Commissioner Gordon thanked Michael Talbert for sitting down and meeting with her <br />about this issue and for the inforr-paton he gave to her and gave in answer to Commissioner <br />McKee's email questions. She s "id'that the background materials from Michael Talbert need to <br />be in the minutes.` <br />Chair Pelissier thanked Michael Talbert and the Finance staff for helping to find these <br />errors and correcting them. <br />Commissioner McKee said that he also spent time with Michael Talbert reviewing this <br />information and it does not bother him so much that the County has to fix this error, but that it <br />occurred in the first place. He hopes that this is never repeated. He said that the worst <br />scenario did not occur, which would have been for the County to have approved the $10 million <br />Lands Legacy purchase and then °find out six months later that there was no money. He asked <br />Michael Talbert about the actual cash on hand in the Lands Legacy Program. Michael Talbert <br />said that it is $1.86 million. <br />Commissioner Hemminger feels confident that the staff is being very proactive with this. <br />A motion was made by Commissioner Hemminger, seconded by Commissioner Jacobs <br />to approve Budget Amendment #6 -A for $13,097,651 for the County Capital Projects Fund. <br />