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<br />Resource Lands Conservation (Lands Legacy) Project
<br />Capital Project Ordinance
<br />)e it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the
<br />general Statutes of North Carolina, the following capital project is hereby adopted.
<br />-action 1. The project authorized is for the purchase of land for natural resource and farmland preservation. Financing for the
<br />project includes proceeds from the County's portion of the one-half cent sales taxes, grants from the Clean Water
<br />Management Trust,. proceeds from the 1997 and. 2001 voter approved bonds, and transfers from the General
<br />(property tax), 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 contained herein.
<br />iection 3. The followin revenue is antici ated to com late this ro'ect:
<br /> roug
<br />FY 2002-03
<br />FY 2003-04 roug
<br />FY 2003-04
<br />McGowan Creek Preserve (formerly known as Duke Forest)
<br />Clean Water Trust Grant $143,000 $0 $143,000
<br />Transfer from School/Park 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 SO 5300,097
<br />Little River Regional Park and Natural Area $0 $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 Association $59,500 $0 $59,500
<br />Land and Water Conservation Fund $262,000 $0 $262,000
<br />Hazardous Mitigation Grant Funds $15,000 $0 $15,000
<br />Durham County Contribution $40,000 $0 $40,000
<br />1997 Bond Funds $44,514 $0 $44,514
<br />Transfer from Subdivision Payment-in-Lieu Fund $84,514 $0 $84,514
<br />Total Little River Regional Park and Natural Area 5724,978 SO 5724,978
<br />Eubanks Road Properties (Hunter/Gate Properties) $0 $0
<br />1997 Bond Funds $2,700,000 $0 $2,700,000
<br />Transfer from School/Park 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 50 54,615,000
<br />Walters Farmland Preservation Conservation Easement $0 $0
<br />Transfer from General Fund $108,000 $0 $106,000
<br />Farmland Preservation Trust Fund Grant $107,000 $0 $107,000
<br />Total Walters Farmland Conservation Easement Funds $215,000 50 5215,000
<br />Seven-Mile Creek Preserve $0 $0
<br />Transfer from General Fund $307,595 $0 $307,595
<br />Total Seven-Mile Creek Preserve Funds $307,595 SO 5307,595
<br />Blackwood Property
<br />1997 Bond Funds $100,000 $0 $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 />Transfer from School/Park Reserve Fund $1,100,000 $0 $1,100,000
<br />Total Blackwood Property 52,077,050 50 52,077,050
<br />2001 Bond Funds $1,750,000 $0 $1,750,000
<br />Transfers from Other Funds $0 $0
<br />Transfer from General Fund (Sales Tax) $398,405 $0 $398,405
<br />Transfer from General Fund (Property Tax) $396,452 $200,000 $596,452
<br />Transfer from General Fund (BOCC Contingency) $35,000 $0 $35,000
<br />Transfer from School/Park Reserve Fund $0 $65,000 $65,000
<br />Total Unallocated Funds $829,857 $265,000 $1,094,857
<br />Total Project Revenues 510,819,577 5265,000 $71,084,577
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