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<br /> <br />The Eno River Association proposes the following funding sources for the Hobgood property: <br /> <br /> Orange County (Lands Legacy) $ 121,200 (32%) <br /> City of Raleigh (Upper Neuse Clean Water Initiative) 97,095 (26%) <br /> Clean Water Management Trust Fund 138,250 (37%) <br /> Triangle Community Foundation 21,345 (6%) <br /> $ 377,890 <br /> <br />The County’s share of funds (up to $185,000 total) would come from existing funds budgeted <br />and appropriated in the Lands Legacy program (Land Legacy Fund). At this time, a letter of <br />intention of funding is needed – the actual funds would not be required to be transmitted until <br />a later date. A conservation easement on both properties will be a result of the funding <br />assistance, and would be forthcoming at a future meeting for approval. <br /> <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 /> <br />The protection of water quality for County residents, which would be augmented by these <br />conservation projects, is consistent with the intent of the economic self-sufficiency goal. <br /> <br />RECOMMENDATION(S): The Manager recommends the Board 1) approve the draft letters <br />indicating the County’s intention to provide the matching funds requested and convey the <br />letters to the Eno River Association for transmittal to the Clean Water Management Trust <br />Fund; and 2) authorize the Manager to sign the attached grant agreements, subject to final <br />review by the County Attorney. <br /> <br />8