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3 <br /> businesses in the community. As requested by the Board in August, the department will <br /> provide the Board with a report of planned initiatives and cost estimates prior to expending <br /> the funds. The required 20 percent match of $900 is included in the department's current <br /> year budget (see column #7, page 5 of this abstract). <br /> Lands Legacy Capital Project Ordinance <br /> 9. In spring 2000, the Board of Commissioners agreed to partner with Durham County, the <br /> Triangle Land Conservancy, and the Eno River Association in the purchase of 391 acres of <br /> land located along the North Fork of the Little River. Total cost of the land acquisition is <br /> $1,016,366. Approximately 136 acres are located in Orange County and 255 in Durham <br /> County (roughly a one-third/two-thirds split). In addition, the partners plan to develop low- <br /> impact recreational areas, including hiking trails, parking areas, picnic shelters, restrooms <br /> and playgrounds, on the land. Both Counties have received several grants that offset both <br /> the land purchase and future development of the site that is now known as the Little River <br /> Regional Park and Natural Area. Table 1 below provides details of the grants: <br /> Orange County Durham County <br /> Share of Grant Share of Grant <br /> Table 1. Purpose of Grant Total Grant Funds Funds <br /> Clean Water Management <br /> Trust Fund Land Acquisition $377,000 $131,950 $245,050 <br /> Parks and Recreation Trust <br /> Fund Land Acquisition $250,000 $87,500 $162,500 <br /> Triangle Land Conservancy <br /> & Eno River Association <br /> Constributions Land Acquisition $170,000 $59,500 $110,500 <br /> Land and Water Park Development <br /> Conservation Fund and Land Acquisition $262,000 $262,000 $0 <br /> Total $1,059,000 $540,950 $518,050 <br /> Land acquisition costs will be offset by the Clean Water Management Trust Fund grant (not <br /> to exceed $377,000), Parks and Recreation Trust Fund grant ($250,000), and a contribution <br /> from the Triangle Land Conservancy and Eno River Association ($170,000). Remaining <br /> acquisition costs of $ 254,366 will be split between Orange (35 percent) and Durham (65 <br /> percent) counties. Orange County's share of acquisition costs ($89,028) will be split 50/50 <br /> between 1997 park bond funds and recreation and open space payment-in-lieu funds. <br /> Table 2 below provides this information in a tabular form for clarification. These funds are <br /> included in the attached Lands Legacy Capital Project Ordinance (page 6 of this abstract). <br /> Off-Setting <br /> Grant Funds <br /> Orange County Durham County and <br /> Table 2. Total Cost Share Share Contributions <br /> Land Acquisition& Related <br /> Costs $1,051,366 $89,0281 $165,338 1 $797,000 1 <br />