|
Conservation Easements
<br />Project Category:County Capital Project Status:Active Project Type
<br />Functional Service
<br />Area:Community Services
<br />Proposed Bid
<br />Award Date:N/A New
<br />Department:DEAPR Starting Date:N/A Expansion X
<br />Project Number:20006 Completion Date:N/A Renovation
<br />Replacement
<br />Project Description/Justification:The Conservation Easement
<br />component of the Lands Legacy program was initially funded in July
<br />2002. This project provides matching funds for State and federal
<br />grants to acquire conservation easements to conserve prime or
<br />threatened farmland, sensitive natural areas, or important water quality
<br />buffer lands in keeping with Board goals and Lands Legacy priorities.
<br />These lands have conservation values or agricultural operations to be
<br />enhanced and protected. This program allows the land to remain in
<br />private ownership and is not publicly-accessible except upon
<br />landowner consent. Over 2,300 acres of prime farmland and natural
<br />areas have been conserved to date, with millions of dollars in
<br />state/federal grants leveraged. The project revenue assumes that
<br />matching funds of approximately 50% would continue to be leveraged for easements, shown as Grant Funding
<br />and Landowner Donations.
<br />FINANCIAL SUMMARY
<br />Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br />Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br />Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10
<br />Expenses
<br /> Land/Building 7,878,181 1,000,000 1,000,000 1,000,000 2,000,000 3,000,000
<br /> Construction/Repairs/Renovations
<br /> Equipment/Furnishings
<br /> Total Project Budget 7,878,181 1,000,000 - 1,000,000 - 1,000,000 - 2,000,000 3,000,000
<br />Funding Sources
<br /> Transfer from General Fund 600,000 --
<br /> Transfer from Other Projects 143,000 -
<br /> Grant Funding and Donations 3,385,181 500,000 500,000 500,000 1,000,000 1,500,000
<br /> Debt Financing 3,750,000 500,000 500,000 500,000 1,000,000 1,500,000
<br /> Total 7,878,181 1,000,000 - 1,000,000 - 1,000,000 - 2,000,000 3,000,000
<br />Impact on Operating Budget
<br /> Personnel Services
<br /> Operations
<br /> Recurring Capital
<br /> New/Addl Revenue
<br /> Total Operating Costs -------
<br />69
|