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<br />Appropriated for this project:
<br />Conservation Easements Capital Project ($54,500) - Project # 20006
<br />Revenues for this proiect:
<br />Current FY
<br />2017 -18
<br />FY 2017 -18
<br />Amendment
<br />FY 2017 -18
<br />Revised
<br />Lands Legacy Program
<br />$3,211,506
<br />($54,500)
<br />$3,157,006
<br />Total Costs
<br />$3,211,506
<br />($54,500)
<br />$3,157,006
<br />Conservation Easements Capital Project ($54,500) - Project # 20006
<br />Revenues for this proiect:
<br />Appropriated for this proiect:
<br />Current
<br />FY 2017 -18
<br />FY 2017 -18
<br />Amendment
<br />FY 2017 -18
<br />Revised
<br />Alternative Financing
<br />$1,433,632
<br />$54,500
<br />$1,488,132
<br />From General Fund
<br />$696,521
<br />$0
<br />$696,521
<br />Donations
<br />$1,020
<br />$0
<br />$1,020
<br />NC Agriculture Development
<br />Grant
<br />$135,480
<br />$0
<br />$135,480
<br />Eno River Association
<br />$252,843
<br />$0
<br />$252,843
<br />Upper Neuse Clean Water
<br />Initiative
<br />$54,000
<br />$0
<br />$54,000
<br />NC Conservation Reserve
<br />Program
<br />$18,800
<br />$0
<br />$18,800
<br />Contribution from Hillsborough
<br />$6,157
<br />$0
<br />$6,157
<br />USDA Farmland Protection
<br />$1,436,000
<br />$0
<br />$1,436,000
<br />Total Project Funding
<br />$4,034,453
<br />$54,500
<br />$4,088,953
<br />Appropriated for this proiect:
<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.
<br />Current FY
<br />2017 -18
<br />FY 2017 -18
<br />Amendment
<br />FY 2017 -18
<br />Revised
<br />Conservation Easements
<br />$4,034,453
<br />$54,500
<br />$4,088,953
<br />Total Costs
<br />$4,034,453
<br />$54,500
<br />$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.
<br />
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