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<br /> Appropriated for this project:
<br />Current FY
<br />2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Lands Legacy Program $3,157,006 ($170,000) $2,987,006
<br />Total Costs $3,157,006 ($170,000) $2,987,006
<br />Conservation Easements Capital Project ($170,000) - Project # 20006
<br />Revenues for this project:
<br />Current
<br />FY 2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Alternative Financing $1,988,132 $170,000 $2,158,132
<br />From General Fund $696,521 $0 $696,521
<br />Donations $1,020 $0 $1,020
<br />NC Agriculture Development
<br />Grant $135,480 $0 $135,480
<br />Eno River Association $252,843 $0 $252,843
<br />Upper Neuse Clean Water
<br />Initiative $54,000 $0 $54,000
<br />NC Conservation Reserve
<br />Program $18,800 $0 $18,800
<br />Contribution from Hillsborough $6,157 $0 $6,157
<br />USDA Farmland Protection $1,936,000 $0 $1,936,000
<br />Total Project Funding $5,088,953 $170,000 $5,258,953
<br />
<br />
<br />Appropriated for this project:
<br />Current FY
<br />2018-19
<br />FY 2018-19
<br />Amendment
<br />FY 2018-19
<br />Revised
<br />Conservation Easements $5,088,953 $170,000 $5,258,953
<br />Total Costs $5,088,953 $170,000 $5,258,953
<br />SOCIAL JUSTICE IMPACT:The following Orange County Social Justice Goal is applicable to
<br />this item:
<br />x GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
<br />The creation and preservation of infrastructure, policies, programs and funding necessary
<br />for residents to provide shelter, food, clothing and medical care for themselves and their
<br />dependents.
<br />This farm conservation easement will help ensure that this prime farmland remains available for
<br />cultivation and food production, helping to provide healthy local food to County residents and
<br />others.
<br />RECOMMENDATION(S):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, and 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 June 30, 2019, and approve Budget Amendment #4-A.
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