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<br /> Conservation Easements
<br /> Project Category County Project Status: Active Project Type
<br /> Functional Service Area: Community Services Proposed Bid Date: TBD New
<br /> Department: DEAPR Starting Date: TBD Expansion x
<br /> Project Number: 20006 Completion Date: TBD Renovation
<br /> Replacement
<br /> Project Description/Justification:
<br /> The Conservation Easement component of the Lands Legacy program was
<br /> initially funded in July 2002.This project provides matching funds for State and
<br /> Federal grants to acquire conservation easements to conserve prime or
<br /> threatened farmland,sensitive natural areas, or important water quality buffer _
<br /> lands that support both Board goals and Lands Legacy priorities.
<br /> This program allows the land to remain in private ownership and is not
<br /> publicly-accessible except upon landowner consent. Over 2,500 acres of prime
<br /> farmland and natural areas have been conserved by easement to date,with
<br /> millions of dollars in State/Federal grants leveraged.The project revenue
<br /> assumes that matching funds of approximately 50%would continue to be
<br /> leveraged for easements, shown as Grant Funding 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 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year10
<br /> Appropriation
<br /> Land/Building 8,878,181 1,000,000 1,000,000 1,000,000 3,000,000 2,000,000
<br /> Appropriation Total 8,878,181 1,000,000 1,000,000 1,000,000 3,000,000 2,000,000
<br /> Revenues/Funding Source
<br /> Debt Financing 4,250,000 500,000 500,000 500,000 1,500,000 1,000,000
<br /> Transferfrom General Fund 600,000
<br /> Grant Funding 3,885,181 500,000 500,000 500,000 1,500,000 1,000,000
<br /> Transfer from Other Projects 143,000
<br /> Revenues/Funding Source Total 8,878,181 1,000,000 1,000,000 1,000,000 3,000,000 2,000,000
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