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Budget Amendment #11, Attachment 3
<br />Resource Lands Conservation (Lands Legacy) Project 7
<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, a portion of property tax, and grants from the Clean Water
<br />Management Trust.
<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 Droiect
<br />Through FY
<br />1999 -00
<br />FY 2000 -01
<br />Through FY
<br />2000 -01
<br />McGowan Creek Preserve (formerly known as Duke Forest
<br />Intergovernmental
<br />Clean Water Trust Grant
<br />Total lntergovemmental
<br />Transfers From Other Funds
<br />$143,000 $0
<br />$143,000 $0
<br />$143,000
<br />$143,000
<br />Transfer from School/Park Capital Reserve
<br />(accrued interest)
<br />Transfer from General Fund (Property Tax)
<br />$78 549 $0
<br />$78,548 $0
<br />$78,549
<br />$78,548
<br />Total Transfers From Other Funds
<br />$157,097 $0
<br />$157,097
<br />Total McGowan Creek Preserve
<br />$300,097 $0
<br />$300,097
<br />Little River Regional Park and Natural Area
<br />Intergovernmental
<br />Clean Water Management Trust
<br />$0
<br />$131,950
<br />$131,950
<br />Parks & Recreation Trust
<br />$0
<br />$87,500
<br />$87,500
<br />Triangle Land Conservancy & Eno River
<br />Association
<br />$0
<br />-
<br />$59,500
<br />$59,500
<br />Land and Water Conservation Fund
<br />$0
<br />$262,000
<br />$262,000
<br />Total Intergovernmental
<br />$0
<br />$540,950
<br />$540,950
<br />1997 Bond Funds
<br />$0
<br />$44,514
<br />$44,514
<br />Transfer from Subdivision Payment -in -Lieu Fund
<br />$0
<br />$44,514
<br />$44,514
<br />Total Little River Regional Park and Natural Area
<br />$0
<br />$629,978
<br />$629,978
<br />Eubanks Road Properties
<br />1997 Bond Funds
<br />$0
<br />$2,700,000
<br />$2,700,000
<br />Transfer from School /Park Reserve Fund
<br />$0
<br />$1,865,000
<br />$1,865,000
<br />Transfer from Subdivision Payment -in -Lieu Fund
<br />$0
<br />$50,000
<br />$50,000
<br />Total Eubanks Road Properties
<br />$0
<br />$4,615,000
<br />$4,615,000
<br />Unallocated Funds
<br />Transfers from Other Funds
<br />Transfer from General Fund (Sales Tax)
<br />$75,000
<br />$100,000
<br />$175,000
<br />Transfer from General Fund (Property Tax)
<br />$96,452
<br />$100,000
<br />$196,452
<br />Total Unallocated Funds
<br />$171,452
<br />$200,000
<br />$371,452
<br />Total Project Revenues
<br />$471,549
<br />$5,444,978
<br />$5,916,527
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