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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 <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 <br /> grants 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 Through <br /> 1999-00 FY 2000-01 2000-01 <br /> Sales Tax $75,000 $100,000 $175,000 <br /> Bond Funds $0 $0 $0 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Grant $143,000 $0 $143,000 <br /> Transfer from General Fund <br /> (desigiated Proper ty Tax $175,000 $100,000 $275,000 <br /> Transfer from Schooftk <br /> Capital Reserve(accrued <br /> interest) $78,549 $0 $78,549 <br /> Total Funding $471,549 $200,000 $671,549 <br /> Section 4. The following amount is appropriated for this project: <br /> hrough F Y Through <br /> 1999-00 FY 2000-01 2000-01 <br /> Landl3uil ft(Unallocat4 $171452 $200,000 $371,452 <br /> Duke Forest Properly Ac `sition $300,097 $0 $300,097 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Other $0 $0 $0 <br /> ota osts $471,549 $20UTW $67r,"9W <br /> Section 5. This ordinance supersedes all previous Conservation Easements Preservation <br /> Capital Project Ordinances for Orange County. <br /> Section 6. This ordinance shall be in effect from July 1, 1998 until June 30,2001. <br /> Adopted this 29"'day of June 2000. <br />