ORD-2003-007 Budget Amendment #9

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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 agricultural 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: Section 4. The following amount is appropriated for this project: Through FY 2001 -02 FY 2002 -03 Through 1`Y 2002 -03 Sales Tax $0 $0 $0 Bond Funds $0 $0 $0 Private Placement $0 $1,000,000 $1,000,000 Grant Funds $0 $784,155 $784,155 Fees $0 $0 $0 Other $0 $0 $0 Total Funding $0 $1,784,1551 $1,784,155 Section 4. The following amount is appropriated for this project: 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 24th day of March 2003. Through FY 2001.02 FY 2002-03 Through FY 2002-03 Land/Building $0 $1,784,155 $1,784,155 Design $0 $0 $0 Construction $0 $0 $0 Other $0 $0 $0 Total Costs $0 $1,784;155 $1,784;155 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 24th day of March 2003.