Agenda - 06-26-2007-6a - Laserfiche WebLink

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Conservation Easements Capital Project Ordinance Be it ordained by the Orange County.Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds for the acquisition of conservation easements to help preserve County farmland. Financing for the project includes proceeds from private placement loans, federal grant funds from the USDA Natural Resource Conservation Service, and proceeds from the County's share of pay -as- you -go capital funds. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Section 4. Them fnIlMA/inri nmni int is 2DDrODriated for this voiect: Through FY 2006-07 FY 2007-08 Through FY 2607-08 Sales Tax and Dedicated Property Tax Bond Funds $350,000 $0 $0 $0 $350,000_ $0 Private Placement $2,250,000 $0 $2,250,000 Grant Funds $2,407,206 $0 $2,407,206 Fees $0 $0 $0 Transfer from Lands Legacy Capital Project ---g $143,000 $01 ---- $143,000__ Total Funding $515 Y 0,20 61 $0 $5,150,206 1 Them fnIlMA/inri nmni int is 2DDrODriated for this voiect: Through FY 2006-07 FY 2007 -08 Through FY 2007-08 Land/Building: Walters Easement $725,000 $0 --- — $725,000 Volpe Easement Cheek Easement $73,100 $580,000 $0 $0 $73,100 .$580,000 McPherson Easement $68,000 $0 $68,000 Ward Easement $444,750 $0 $444,750 Lloyd Easement Laws Easement $219,000 $0 $0 $0 $219,000 $0 Keith Easement $116,000 $0 $116,000 Fickle Creek Farm Easement $277,658 $0 $277,658 Unallocated $2,646,698 $0 $2,646,698 Total Land/Building $5,150,206 $0 $5,150,206 Design Construction $0 -$01 $0 $0 $0 $0 Total Costs $59-150,2061 $01 $5,150,206 J