Orange County NC Website
6,9 a . as mss' -moo <br /> ATTACHMENT 3 <br /> 06 <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 /> Bond 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 /> lCapital $27,000 $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/Buil <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 Easernent $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 /> Design $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. <br />