Orange County NC Website
a +e ~ ~ 2ov 4~-11 <br />~o - ~ g - ~~ ~ ATTACHIVLENT 3 <br />Conservation Easements <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1. The project authorized provides funds for the acquisition of conservation <br />easements to help preserve County farmland with a priority placed on farms with <br />a strong conservation track record in water supply watersheds. Financing for the <br />project includes .proceeds from private placement loaris and federal grant funds <br />from the USDA Natural Resource Conservation Service. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br />Section 4. <br /> Through FY <br />2003-04 <br />FY 2004-05 Through FY <br />2004-05 <br />Sales Tax $0 $0 $0 <br />Bond Funds $0 $0 $0 <br />private Placement $1,000,000 $500,000 $1,500,000 <br />Caant F~ $784,155 $0 $784,155 <br />Fees $0 $0 $0 <br />ether $0 ~ $0 $0 <br />Totall~n ' $1,784,155 $500,000 $2,284,155 <br />The following amount is appropriated for this project: <br /> Through FY <br />2003-04 <br />FY 2004-OS Through FY <br />2004-OS <br />Land/Buil <br />Walters Easement $0 $725,000 $725,000 <br />Vol a Easement $0 $73,100 $73,100 <br />~g ~~~ $0 $580,000 $580,000 <br />McPherson Easement $0 $68,000 $68,000 <br />Unallocated $1,784,155 ($946,100) $838,055 <br />Total LandBuildin $1,784,155 $500,000 $2,284,155 <br />Desi $0 0 $0 <br />Construction $0 0 $0 <br />HVAC $0 0 $0 <br />Total Costs $1,784,155 $500,000 $2,284,155 <br />Section 5. This ordinance supersedes all previous Conservation Easements Capital Project <br />Ordinances for Orange County. <br />Section fi. This ordinance shall remain in effect until June 30, 2005. <br />Adopted this 19~' day of October 2004 <br />