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ATTACHMENT 3
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<br /> Conservation 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 placement 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- Through FY 2005-
<br /> 05 FY 2005-06 06
<br /> Sales Tax and Dedicated Property
<br /> Tax - $0 $200,000 $200,000
<br /> Band Funds $0 $0 $0
<br /> Private Placement $1,500,000 $750,000 $2,250,000
<br /> Grant Funds $2,268,681 $0 $2,268,681
<br /> Fees $0 $0 $0
<br /> Transfer from Lands Legacy
<br /> ital Proi 1 $27,0001 $116,000 $143,000
<br /> Total Fun ' $3,795,681 $1,066,000 $4,861,681
<br /> Section 4. The following amount is appropriated for this project:
<br /> Through FY Through FY
<br /> 2004-05 FY 2005-06 2005-06
<br /> Land/Building:
<br /> Walters Easement $725,000 $0 $725,000
<br /> Volpe Easement $73,100 $0 $73,100
<br /> Cheek Easement $580,000 $0 $580,000
<br /> McPherson Easement $68,000 $0 $68,000
<br /> Ward Easement $444,750 $0 $444,750
<br /> Lloyd Easement $219,000 $0 $219,000
<br /> Laws Easement $0 $0 $0
<br /> Keith Easement $0 $116,000 $116,000
<br /> Unallocated $1,685,831 $950,000 $2,635,831
<br /> Total Land/Building $3,795,681 $1,066,000 $4,861,681
<br /> Desi $0 $0 $0
<br /> Construction $0 $0 $0
<br /> Total Costs $3,795,681 $1,066,000 $4,861,681
<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 13th day of December 2005.
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