Orange County NC Website
� <br /> 4/24/09 Alternative Debt Financing $ 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 $ 1,100,000 <br /> Commissioner Gordon thanked Michael Talbert for sitting down and meeting with her <br /> about this issue and for the information he gave to her and gave in answer to Commissioner <br /> McKee's email questions. She said that the background materials from Michael Talbert need <br /> to 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 <br /> million Lands Legacy purchase and then find out six months later that there was no money. <br /> He asked Michael Talbert about the actual cash on hand in the Lands Legacy Program. <br /> Michael Talbert 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 />