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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 /> i <br /> f <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 /> 3 <br /> a <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 /> I <br /> I <br />