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7
<br />ATTACHMENT 2
<br />Resource Lands Conservation (Lands Legacy) Project
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of
<br />Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted.
<br />Section 1, The project authorized is for the purchase of land for natural resource and farmland
<br />preservation. Financing for the project includes .proceeds from the County's portion of the
<br />.one-half cent sales taxes, grants from the Clean Water Management Trust, proceeds from the
<br />1997 and 2001 voter approved bonds, and transfers from the General (property tax),
<br />School/Park Capital Reserve and Subdivision Payment-In-Lieu Funds.
<br />Section 2. The officers of the County are hereby directed to proceed with the project within the budget
<br />contained herein.
<br />Section 3. The followin revenue is anticipated to complete this project:
<br /> roug
<br />FY 2001-02
<br />FY 2002-03 roug
<br />FY 2002-03
<br />McGowan Creek Preserve (formerly known as Duke Forest)
<br />Clean Water Trust Grant $143,000 $0 $143,000
<br />Transfer from SchooUPark Capital Reserve (accrued interest) $78,549 $0 $78,549
<br />Transfer from General Fund (Property Tax) $78,548 $0 $78,548
<br />Total McGowan Creek Preserve 5300,097 $0 $300,097
<br />Little River Regional Park and Natural Area $0
<br />Clean Water Management Trust $131,950 $0 $131,950
<br />Parks & Recreation Trust $87,500 $0 $87,500
<br />Triangle Land Conservancy & Eno River Assoaation $59,500 $0 $59,500
<br />Land and Water Conservation Fund $262,000 $0 $262,000
<br />Hazardous Mitigation Grant Funds $0 ~ $15,000 $15,000
<br />Durham County Contribution $0 $40,000 $40,000
<br />1997 Bond Funds $44,514 $0 $44,514
<br />Transfer from Subdivision Payment-in-Lieu Fund $44,514 $40,000 $84,514
<br />Total Little River Regional Park and Natural Area $629,978 $95,000 $724,978
<br />Eubanks Road Properties (Hunter/Gate Properties) $0
<br />1997 Bond Funds $2,700,000 $0 $2,700,000
<br />Transferfrom SchooUPark Reserve Fund $1,865,000 $0 $1,865,000
<br />Transfer from Subdivision Payment-in-Lieu Fund $50,000 $0 $50,000
<br />Total Eubanks Road Properties $4,615,000 $0 $4,615,000
<br />Walters Fan~nland Preservation Conservation Easement $0
<br />Transfer from General Fund $108,000 $0 $108,000
<br />Farmland Preservation Trust Fund Grant $107,000 $0 $107,000
<br />Total Walters Farmland Conservation Easement Funds $215,000 $0 $215,000
<br />Seven-Mile Creek Preserve $0
<br />Transfer from General Fund $197,595 $110,000 $307,595
<br />Total Seven-Mile Creek Preserve Funds $197,595 $110,000 $307,595
<br />Blackwood Property
<br />_
<br />1997 Bond Funds
<br />$100,000
<br />$0
<br />$100,000
<br />2001 Bond Funds $760,050 $0 $760,050
<br />Transfer from Subdivision Payment-in-Lieu Fund $117,000 $0 $117,000
<br />Transferfrom SchooVPark Reserve Fund $1,100,000 $0 $1,100,000
<br />Total Blackwood Property $2,077,050 $0 $2,077,050
<br />2001 Bond Funds $0 $1,750,000 $1,750,000
<br />Transfers from Other Funds $0
<br />Transfer from General Fund .(Sales Tax) $308,405 $90,000 $398,405
<br />Transfer from General Fund (Property Tax) $396,452 $0 $396,452
<br />Transfer from General Fund (BOCC Contingency) $0 $35,000 $35,000
<br />Total llnaflocated Funds $704,857 $125,000 $829,857
<br />Total Project Revenues $8,739,577 $2,060,000 $10,819,577
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