|
ATTACI-IM~NT 3 //>
<br />Conservation Easements
<br />Capital Project Ordinance
<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., Financing for the project includes
<br />proceeds from private placement loans and federal grant funds from the l1SDA
<br />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 /> Tln°ough FY 2004-
<br />OS
<br />FY 2005-06 Though FY 2005
<br />06
<br />Sales Tax and Dedicated ProPeriy
<br />Tax
<br />$0
<br />$200,000
<br />$200,000
<br />Bond Funds $0 $0 $0
<br />Private Placement $1,500,000 $75Q,000 $2,250,000
<br />Grant Funds $2,263,681 $0 $2,268,631
<br />Fees $0 $0 $0
<br />Transfer from Lands Legacy
<br />Ca italProject
<br />$27,000
<br />$116,000
<br />$143,000
<br />ToLnl Fundin $3,795,(81 $1,066,000 $4,861,681
<br />Section 4. The following amount is a propriated for this project:
<br /> Through FY
<br />2004-OS
<br />FY 2005-06 Through FY
<br />2005-06
<br />Land/Building:
<br />Walters Easement $725,000 $0 $725,000
<br />Vol e Easen~nt $73,100 $0 $73,100
<br />Cheek Easement $SSQ,000 $0 $580,000
<br />McPherson Easement $68,000 $0 $68,000
<br />Ward Easement $444,750 $0 $444,750
<br />Llo d Easement $219,000 $0 $219,000
<br />Laws Easement $0 $0 $0
<br />Keith Easement $0 $116,000 $116,000
<br />Unallocated $1,685,831 $950,000 $2,635,831
<br />Total LandlBuilding $3,795,681 $1,066,000 $4,861,681
<br />Desi $0 $0 $0
<br />Cnnsiruchon $~ $~ $Q
<br />Total Costs $3,795,681 $1,066,000 $4,861,681
<br />Section 5. This ordinance supersedes all previous
<br />Ordinances for Orange County,
<br />Section 6. This ordinance shall remain in effect unti
<br />Adopted this 13th day of December 2005,
<br />Conservation Easements Capital Project
<br />June 30, 2006,
<br />
|