ORD-2004-098 - Conservation Easements Capital Project Ordinance

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Attachment 4 Conservation Easements Capital Project Ordinance Ga4~0 ~ ~~G~ ~ -c 4 .~ 3 ~GG'7 ~i -1 Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds .for the acquisition of conservation easements to help preserve County farmland with a priority placed on farms with a strong conservation track record in water supply watersheds. Financing for the project includes proceeds from private placement loans and federal grant funds from the USDA Natural Resource Conservation Service. Section 2. Section 3. Section 4. The officers of the County are hereby directed to proceed with the project within the budget contained herein. The following revenue is anticipated to complete this project: Through FY 2002-03 FY 2003-04 Through FY 2003-04 Sales Tax $0 $0 $0 Bond Funds $0 $0 $0 Private Placement $1,000,000 $0 $1,000,000 Grant Funds $784,155 $638,840 $1,422,995 Fees $0 $0 $0 Other $0 $0 $0 Total Funding $1,784,155 $638,840 $2,422,995 The following amount is appropriated for this project: Through FY 2002-03 Fl(2003-04 Through FY 2003-04 Land/Building: Walters Easerrer~t $725, $725, Vd pe Easement $0 $73,100 $73,1 Cheek Easement $0 $580,000 $580, Unallocated $1,784,156 ($739,260) $1,044, Total Land(Building $1,784y155 $638,840 $2,422,995 .Design $0 $0 $0 Constn~ction $0 $0 $0 Other $0 $0 $0 Total Costs $1,784y155 $638,840 $1,422,995 Section 5. This ordinance supersedes all previous Conservation Easement Capital Project Ordinances for Orange County. Section 6. This ordinance shall be in effect from the date of adoption until June 30, 2005 Adopted this 23rd day of June 2004.