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8 <br /> PEAS Project($35,170) - Project# 71157 <br /> Revenues for this project: <br /> Current FY 2025-26 FY 2025-26 <br /> FY 2025-26 Amendment Revised <br /> Grant Funding $0 $35,170 $35,170 <br /> Total Project Funding $0 $35,170 $35,170 <br /> Appropriated for this project: <br /> Current FY 2025-26 FY 2025-26 <br /> FY 2025-26 Amendment Revised <br /> Project Expenditures $0 $35,170 $35,170 <br /> Total Costs $0 $35,170 $35,170 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 2: HEALTHY COMMUNITY <br /> OBJECTIVE 7. Invest in services and programs that improve the health and quality of <br /> life of the community (e.g., recreation and public open spaces, arts, etc.) <br /> Article 46 Fund <br /> 15.The Budget Office has conducted a review of the Article 46 Fund and identified $1,143,072 <br /> in additional revenue from accounts that has not previously been recognized from 2014- <br /> 2021. This amendment recognizes that revenue and allocates $1,143,072 in the Article 46 <br /> Fund to offset unbudgeted expenses from that same time period. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 2: DIVERSE AND VIBRANT ECONOMY <br /> OBJECTIVE 2. Review and revise County policies and regulations to support business <br /> investment in Orange County. <br /> Planning & Inspections <br /> 16.A proposal has been submitted for a Phase I Environmental Site Assessment for the <br /> Greene Tract Project at an estimated cost of $49,500. This assessment is necessary to <br /> complete the feasibility study conducted by Development Finance Initiative (DFI) at the <br /> UNC School of Government. Based on the 2021 Greene Tract Interlocal Agreement, the <br /> Towns shall reimburse funds to the County based on the adopted cost share agreement of <br /> 43% - Orange County, 43% - Chapel Hill, and 14% - Carrboro. Initially, DFI was set to use <br /> a 2020 Synterra Environmental Assessment (EA) on the property. However, the initial EA <br /> will expire for development purposes after five years, and the initial assessment did not <br /> include geotechnical analysis. This analysis will provide information about the rocks at the <br /> tract to determine if costly rock blasting will need to occur to develop on the site. This <br /> amendment allocates $49,500 to the Greene Tract Services project in the General Fund to <br /> cover the cost of these services, transfers $21,285 from the County Capital Reserve to the <br /> General Fund to cover the County's share of the agreement. After this item, the remaining <br /> unaudited balance in the County Capital Reserve Fund will be $183,963. <br />