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DocuSign Envelope ID:80DBCC67-147D-4966-BA8F-6B37818063C4 <br /> EXHIBIT B <br /> PROJECT BUDGET <br /> NCLWF Matching Total Project <br /> Item Grant Amount Funds' Cost <br /> Property/Conservation Easement/Agreement <br /> Acquisition $111,042 $248,958 $360,000 <br /> Transactional Costs2 $0 $24,700 $24,700 <br /> Stewardship Endowment3 $8,618 $5,132 $13,750 <br /> Project Administration4 $0 $0 $0 <br /> Totals $119,660 $278,790 $398,450 <br /> Funding Percentages 30% 70% 100% <br /> Budget Notes: <br /> 1 Source and dollar amounts of matching funds: local government($276,290);private organization($2,500). <br /> Z Transactional costs include: surveys and legal descriptions; appraisals; Phase I Environmental Site <br /> Assessment; legal fees and closing costs; title insurance; recording fees; ad valorem taxes (Grant Recipient's <br /> portion);and baseline documentation report. <br /> If you request reimbursement for your own organization's work on the baseline documentation report, you <br /> must submit documentation of staff hours and hourly compensation rates (salary and fringe benefits) for <br /> time spent on the report plus actual mileage. <br /> 3 Payment for stewardship will be in accordance with Stewardship Contract as referenced in Exhibit H:General <br /> Terms and Conditions. <br /> 4If you are requesting Project Administration reimbursement or demonstrating Project Administration <br /> match, you must submit itemized documentation of staff hours and hourly compensation rates (salary and <br /> fringe benefits) for time spent on Project Administration. Only staff time is reimbursable under this line <br /> item. <br /> THE UNDERSIGNED HAS REVIEWED AND APPROVED THE BUDGET. <br /> D11"Sig-d by: 12/2 3/2 0 2 0 <br /> SIGNATURE:Et0637994B755E477 <br /> 6VIA. l�mmt,vis DATE. <br /> .. <br /> NAME: Bonnie Hammersley <br /> TITLE: County Manager <br /> Orange County,North Carolina(NCLWF 2020-048 Moorefields Estate) <br /> Final—December 21,2020 Page 10 of 27 <br />