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term needs . It is recommended that Orange County and Carrboro develop plans <br /> to match other funding with the current payment- in - lieu funds to use these <br /> resources . Even with its limitations , the existing payment- in - lieu program should <br /> be kept and modified where possible . The potential for an impact fee or impact <br /> tax should be explored , using existing legislation . <br /> H. Address Existing Needs <br /> While more thorough standards are needed , a population - based standard from <br /> the 1996 Assembly of Governments report was used to determine needs for <br /> parklands . Using this standard , the County as a whole has a current deficit of <br /> 645 acres of parkland . With expected population growth , this is County and <br /> Towns combined with have a deficit of 1 , 265 acres by the year 2025 . <br /> Based on average land sales ( weighted for urban and rural lands ) and existing <br /> bond funds , the cost of purchasing lands to erase the long -term deficit is $ 10 . 12 <br /> million in 1999 dollars . Since this will unquestionably rise in the future , the Work <br /> Group again recommends immediate action in terms of land acquisitions . <br /> L Use of Current Funds and Future Funding Needs <br /> While it may be more practical to develop recreation facilities over time as the <br /> population increases , a more - proactive approach to land acquisition is needed to <br /> identify and purchase sites that offer both active and low - impact recreation <br /> potential . Matching funds from the different jurisdictions ( coordinated through <br /> the aforementioned joint capital funding mechanism ) should be an important <br /> component, and an acreage threshold and additional standards for joint <br /> school/ park sites are also warranted . <br /> To address long -term needs , the Work Group recommends that the following <br /> actions occur : <br /> ➢ The remaining $ 2 . 89 million for land acquisition from the County parks bond <br /> should be used for acquisition of lands identified as sites for long -term <br /> acquisition as soon as possible . <br /> ➢ The remainder of the $ 10 million in long -term land acquisition should be <br /> addressed through an $ 8 million parks bond placed before the voters in <br /> November 2000 , The Parks and Resource Lands Council should develop the <br /> specifics of the bond proposal . <br /> 7 <br />