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3. Lands Legacy Conservation Easements Fund <br />Funds Appropriated (as of 7-1-04):, $2,000,000 <br />(Total Funds Approved through FY 07: $3,000,000) <br />ditures to Date from this Source <br />Walters Farm Conservation Easement $378,614 FY 03-04 <br />Confluence of the Eno Easement (Volpe) $73,100 FY 03-04 <br />Lemola Ayrshire Farm Easement (Cheek) $344,545 FY 03-04 <br />TOTAL $796,259 <br />I For many projects, multiple funding sources used. This figure represents the amount from this funding source only. <br />Encumbered Funds /Acquisitions Un <br />Ira Ward Farm Easement <br />$220,000 <br />FY 04-05 <br />Cane Creek-area Farm Easements (OWASA 50%)3 <br />$243,741 <br />FY 04-05 <br />Laws Family Farm Easement- estimate 4 <br />$310,000 <br />FY 04-05 <br />Breeze Farm Easement — estimate <br />$240,000 <br />FY 04-05 <br />Kirk Family Farm Easement — estimate <br />$190,000 <br />FY 04-05 <br />TOTAL <br />$1,203,741 <br />2 -- Costs are current best estimates. <br />3 - Shortfall of $26,259 to come from opportunities Fund until balance replenished <br />4 - County funds only - does not include 50% of the cost coming from USDA <br />Available Unencumbered Funds: $0 <br />($1,000,000 including funds not yet appropriated) <br />Projected Future Expenditures <br />The Conservation Easements Fund is designed to provide funds for acquisition of <br />conservation easements — non-public access lands cannot be funded by the 2001 bond <br />funds. Currently, around 15 additional farms and owners of lands of natural resource <br />significance, have expressed interest in selling or donating easements. The total acreage <br />of these properties (not all of the acreage would necessarily be in an easement) is 2,250 <br />acres. A projected total cost estimate to acquire easements for these properties <br />(assuming 75% acreage) would be in the general range of $6,750,000. <br />5 <br />