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Conservation Easements <br />Capital Project Ordinance <br />~~ <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted,. <br />Section 1. The project authorized provides funds for the acquisition of conservation <br />easements to help preserve County farmland with a priority placed on farms with <br />a strong conservation track record in water supply watersheds, Financing for the <br />project includes proceeds from private placement loans and federal grant funds <br />from the USDA Natural Resource Conservation Service. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein, <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />2002-03 <br />FY 2003-04 Through FY <br />2003-04 <br />Sales Tax $0 $0 $0 <br />Bond Funds $0 $0 $0 <br />Private Placement $1,000,000 _ $0 $1,000,000 <br />Grant Funds $784,155 $0 $784,155 <br />Fees $0 $0 $0 <br />Other $0 $0 $0 <br />Total Funding $1,784,155 $0 $1,784,155 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2002-03 <br />FY 2003.04 Through FY <br />2003.04 <br />Land/Building: <br />Walters Easement $386, $386, <br />Vdpe Easement $0 $73,100 $73,1 <br />Unallocated $1,784,155 ($459,945) $1,324,21 <br />Totall.andlBuilding $1,784y155 $0 $1,784,155 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />_ <br />Other $0 <br />~ $0 $0 <br />Total Costs ~ $1,784,155 <br />~ $0 $1,784,155 <br />Section 5. This ordinance supersedes all previous Conservation Easement Capital Project <br />Ordinances for Orange County. <br />Section 6. This ordinance shall be in effect from the date of adoption until June 30, 2005 <br />Adopted this 1st day of December 2003, <br />