ORD-2004-110 - Budget Amendment #4

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ATTACHMENT 3 Conservation Easements Capital Project Ordinance 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. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Through FY 2003-04 FY 2004-05 Through FY 2004-05 Sales Tax $0 $0 $0 Bond Funds $0 $0 $0 Private Placement $1,000,000 $500,000 $1,500,000 Gant Funds $784,155 $0 $784,155 Fees $0 $0 $0 Other $0 $0 $0 Total Fhn ' $1,784,155 $500,000 $2,284,155 Section 4. The followin amount is ap ropriated for this project: Section 5. Section 6. Through FY 2003-04 FY 2004-05 Through FY 2004-05 Land/Buil Walters Easement $0 $725,000 $725,000 Vol a Easement $0 $73,100 $73,100 Cheek Easement $0 $580,000 $580,000 McPherson Easement $0 $68,000 $68,000 Unallocated $1,784,155 ($946,100) $838,055 Total Land/Buildin $1,784,155 $500,000 $2,284,155 Desi $0 0 $0 Construction $0 0 $0 HVAC $0 0 $0 Total Costs $1,784,155 $500,000 $2,284,155 This ordinance supersedes all previous Conservation Easements Capital Project Ordinances for Orange County. This ordinance shall remain in effect until June 30, 2005. Adopted this 19ri day of October 2004.