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Attachment 3
<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 following revenue is anticipated to complete this project:
<br /> nrough Through
<br /> FY 2001-02 FY 2002-03 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 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 $300,097 $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 Association $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/Cate Properties) $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 $0 $4,615,000
<br /> Walters Farmland 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 /> 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 $2,077,050 $0 $2,077,050
<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 /> Total Unallocated Funds $704,857 $90,000 $794,857
<br /> Total Project Revenuesl $89739,577 $295,000 $9,034,577
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