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LANDS LEGACY PROGRAM <br />FUNDING STATUS <br />JANUARY 1, 2011 <br />1. Lands Legacy Fund /Lands Legacy Opportunities Fund <br />Balance 1-1-2011 $ '1,856,26'1 <br />Projects Underway /Encumbered $ 750,000 <br />Remaining Available Balance $ 1,106,261 <br />Identified Priority Projects <br />Mountains-to-Sea Trail (with NC State Parks) $ 1,000,000 <br />Upper Eno Nature Preserve (Seven Mile Creek Preserve, riparian buffers) $ 1,500,000 <br />Jordan Lake Macrosite (with UNC) $ 1,700,000 <br />New Hope Creek Rustic Trail $ 300,000 <br />Joint Town/County Open Space Projects (Bolin Creek Corridor?) $ 250,000 <br />_ . _ , . ~ , i.S:+a...:o,+2~I10+~i «Y1'tr. r-.. '71r .2`S':33~G~rrM1i6~Et'A1'R7:...1 »Li .:.is•ny;.3 &i~ut'~KS1itS~ ~;~ «sk ....~~.~i'~~fti.,, .da4:4.. -t>,..+. .... ..u... ~n ~. .~ .. ... , .. .. .. .••. <br />2. Conservation Easement Fund <br />Balance 1-1-2011 $ 925,576 <br />Projects Underway /Encumbered $ 500,000 <br />Remaining Available Balance $ 425,576 <br />Future Projects <br />Owners of 32 farms totalling 2900 acres have expressed interest to date in conservation easements. <br />Projected cost of purchasing 85% of these lands is around $9.0 million. <br />The ratio of County funds to outside (grant) funds to date is 52.5% - 47.5%. Assuming this ratio <br />$4.46 million would be needed in County funds to acquire easements on all interested farms. <br />There is also pending conservation easement for Halls Mill/Faucette Mill area, which will require $50-100,000. <br /> <br />Lands Legacy Funds Status 1-1-2011.x1s, 2/4/2011 <br />N <br />0 <br />