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VA
<br />Attachment 4
<br />Resource Lands Conservation (Lands Legacy) Project
<br />Capital Project Ordinance
<br />3e it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the
<br />3eneral Statutes of North Carolina, the following capital project is hereby adopted.
<br />oection 1. The project authorized is for the purchase of land for natural resource and farmland preservation. Financing for the
<br />project includes proceeds from the County's portion of the one -half cent sales taxes, grants from the Clean Water
<br />Management Trust, proceeds from the 1997 and 2001 voter approved bonds, and transfers from the General
<br />(property tax), School /Park Capital Reserve and Subdivision Payment -In -Lieu Funds.
<br />iection 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein.
<br />► ection 3. The following revenue is anticipated to complete this project:
<br />Inrough
<br />FY 2002 -03
<br />FY 2003 -04
<br />Through
<br />FY 2003 -04
<br />McGowan Creek Preserve (formerly known as Duke Forest)
<br />Clean Water Trust Grant
<br />$143,000
<br />$0
<br />$143,000
<br />Transfer from School/Park Capital Reserve (accrued interest)
<br />$78,549
<br />$0
<br />$78,549
<br />Transfer from General Fund (Property Tax)
<br />$78,548
<br />$0
<br />$78,548
<br />Total McGowan Creek Preserve
<br />$300,097
<br />$0
<br />$300,097
<br />Little River Regional Park and Natural Area
<br />$0
<br />$0
<br />Gean Water Management Trust
<br />$131,950
<br />$0
<br />$131,950
<br />Parks & Recreation Trust
<br />$87,500
<br />$0
<br />$87,500
<br />Triangle Land Conservancy & Eno River Association
<br />$59,500
<br />$0
<br />$59,500
<br />Land and Water Conservation Fund
<br />$262,000
<br />$0
<br />$262,000
<br />Hazardous Mitigation Grant Funds
<br />$15,000
<br />$0
<br />$15,000
<br />Durham County Contribution
<br />$40,000
<br />$0
<br />$40,000
<br />1997 Bond Funds
<br />$44,514
<br />$0
<br />$44,514
<br />Transfer from Subdivision Payment4n-Lieu Fund
<br />$84,514
<br />$0
<br />$84,514
<br />Total Little River Regional Park and Natural Area
<br />$724,978
<br />$0
<br />$724,978
<br />Eubanks Road Properties (Hunter /Cate Properties)
<br />$0
<br />$0
<br />1997 Bond Funds
<br />$2,700,000
<br />$0
<br />$2,700,000
<br />Transfer from School/Park Reserve Fund
<br />$1,865,000
<br />$0
<br />$1,865,000
<br />Transfer from Subdivision Payment-in-lieu Fund
<br />$50,000
<br />$0
<br />$50,000
<br />Total Eubanks Road Properties
<br />$4,615,000
<br />$0
<br />$4,615,000
<br />Walters Farmland Preservation Conservation Easement
<br />$0
<br />$0
<br />Total Walters Farmland Conservation Easement Funds
<br />$215,000
<br />$0
<br />$215,000
<br />Seven -Mile Creek Preserve
<br />$0
<br />$0
<br />Transfer from General Fund
<br />$307,595
<br />$0
<br />$307,595
<br />Total Seven -Mile Creek Preserve funds
<br />$307,595
<br />$0
<br />$307,595
<br />Blackwood Property
<br />Total Blackwood Properly
<br />$2,077,050
<br />$0
<br />$2,077,050
<br />Eno River Properties
<br />Transfer from General Fund
<br />$0
<br />$55;000
<br />$55,000
<br />Total Eno River Properties
<br />$0
<br />$55,000
<br />$55,000
<br />2001 Bond Funds
<br />$1,750,000
<br />$0
<br />$1,750,000
<br />Transfers from Other Ponds
<br />$0
<br />$0
<br />Transfer from General Fund (Sales Tax)
<br />$398,405
<br />($55,000)
<br />$343,405
<br />Transfer from General Fund (Property Tax)
<br />$396,452
<br />$200,000
<br />$596,452
<br />Transfer from General Fund (BOCC Contingency)
<br />$35,000
<br />$0
<br />$35,000
<br />Transfer from School/Park Reserve Fund
<br />$0
<br />$65,000
<br />$65,000
<br />Total Unallocated Funds
<br />$829,857
<br />$210,000
<br />$1,039,857
<br />Total Project Revenuesl
<br />$10,819,577
<br />$265,000
<br />$11,029,577
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