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gd <br /> Environmental Resources Conservation and Preservation <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br /> 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br /> hereby adopted. <br /> Section 1. The project authorized is for the purchase of land for natural resource and <br /> farmland preservation. Financing for the project includes proceeds from the <br /> County's portion of the one-half cent sales taxes, a portion of property tax, and a <br /> grant from the Clean Water Management Trust. <br /> Section 2. The officers of the County are hereby directed to proceed with the project <br /> within the budget contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 1998-99 FY 1999-00 1999-00 <br /> Sales Tax $0 $75,000 $75,000 <br /> Bond Funds $0 $0 $0 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Grant $0 $143,000 $143,000 <br /> Transfer from General Fund <br /> (designated Property Tax) $100,000 $75,000 $175,000 <br /> Transfer from School/Park Capital <br /> Reserve(accrued interest) $0 $78,549 $78,549 <br /> Total Funding $100,000 $371,549 $471,549 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 1998-99 FY 1999-00 1999-00 <br /> Land/Building(Unallocated) $100,000 $71,452 $171,452 <br /> Duke Forest Property Acquisition $0 $300,097 $300,097 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Other $0 $0 $0 <br /> Total Costs $100,000 $371,549 $471,549 <br /> Section 5. This ordinance shall be in effect from July 1, 1998 until June 30, 2000. <br /> Section 6. This ordinance supersedes all previous Conservation Easements Preservation <br /> Capital Project Ordinances for Orange County. <br /> Adopted this fourth day of April 2000. <br />