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~a <br /> <br />Orange County <br />Environment ~ Resource Conservation <br />306 A Revere Road / 1?O 13ox 51.81 <br />Hillsborough, NC 27278 <br />Phone: (9L9j 245-2590, Fax: (919) 64=43351 <br />MEMORANDUM <br />TO: .John Link, County Manager <br />FROIvI: Da~rid Stanch, Environment and Resource Conservation Director <br />DATE: February 2, 2006 <br />RE: Rescheduling of Conservation Easement Funding <br />As per our conversation, I have spoken with Donna Dean about the need to delay, <br />slightly, some of the conservation easement funding originally programmed for the <br />upcoming issuance of alternative financing to address oilier imminent needs. <br />The funding schedule that we discussed today ($500,000 in spring 2006, $600,000 in fall <br />2006, and $900,000 in spring of 2007) should enable us to close on the agricultural <br />conservation easements that are in the works from the 2004 and 2005 USDA grant <br />awards that we received, without adverse effects on our projected schedule of closings <br />(based on what we know of the timetables, which is as always subject to change), <br />Please let me know if I can provide any additional information <br />