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<br /> Appropriated for this project:
<br /> Current FY FY 2017-18 FY 2017-18
<br /> 2017-18 Amendment Revised
<br /> Lands Legacy Program $3,211,506 ($54,500) $3,157,006
<br /> Total Costs $3,211,506 ($54,500) $3,157,006
<br /> Conservation Easements Capital Project ($54,500) - Project#20006
<br /> Revenues for this project:
<br /> Current FY 2017-18 FY 2017-18
<br /> FY 2017-18 Amendment Revised
<br /> Alternative Financing $1,433,632 $54,500 $1,488,132
<br /> From General Fund $696,521 $0 $696,521
<br /> Donations $1,020 $0 $1,020
<br /> NC Agriculture Development $135,480 $0 $135,480
<br /> Grant
<br /> Eno River Association $252,843 $0 $252,843
<br /> Upper Neuse Clean Water $54,000 $0 $54,000
<br /> Initiative
<br /> NC Conservation Reserve $18,800 $0 $18,800
<br /> Program
<br /> Contribution from Hillsborough $6,157 $0 $6,157
<br /> USDA Farmland Protection $1,436,000 $0 $1,436,000
<br /> Total Project Funding $4,034,453 $54,500 $4,088,953
<br /> Appropriated for this project:
<br /> Current FY FY 2017-18 FY 2017-18
<br /> 2017-18 Amendment Revised
<br /> Conservation Easements $4,034,453 $54,500 $4,088,953
<br /> Total Costs $4,034,453 $54,500 $4,088,953
<br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable
<br /> to this item:
<br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
<br /> The creation and preservation of infrastructure, policies, programs and funding
<br /> necessary for residents to provide shelter, food, clothing and medical care for
<br /> themselves and their dependents.
<br /> This farm conservation easement will help ensure that this prime farmland remains available
<br /> for cultivation and food production, helping to provide healthy local food to County residents
<br /> and others.
<br /> RECOMMENDATION: The Manager recommends the Board adopt and authorize the Chair
<br /> to sign the resolution approving the acceptance by Orange County of the conservation
<br /> easement, authorize the Chair and the Clerk to sign the conservation easement agreement,
<br /> subject to final review by staff and County Attorney, with a closing and recordation of the
<br /> document expected to occur on or about December 22, 2017, and approve Budget
<br /> Amendment#4-A.
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