Agenda - 10-15-2002 - 8d - Laserfiche WebLink

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2 on the County's ongoing Interest in preventing the conversion of agricultural lands to non- agdcultuml uses, the County would receive $71 155, or about 36 percent of the total available State funds. In accordance with the grant agreement, Orange County must provide a match of$184,165 over a three-year period On September 3, 2002, the Board of Commissioners approved a six-year plan to issue bonds and alternative financing for various County related projects. The plan included $3 million in alternative financing for conservation easements with $1 million of the total being included In the upcoming December 2002 issuance of alternative financing. The attached Conservation Easement Capital Project Ordinance allows for receipt of the federal grant funs. Once the December 2002 issuance is completed, staff will bring forward an amended capital project ordinance for the Board's approval. (See attached Conservation Easement Capdel Project Ordinance) Richard E.Whiffed and Northern Human Seedless Center Capital Projects 4. In Spring 2002. the Board of County Commissioners issued two-thirds net debt reduction bonds in the amount of $2.845 million to cover a portion of the costs associated with planned renovations at the Richard E. Whited and Northern Human Services Centers. On September 11. 2002, the Commissioners approved a plan to allocate the proceeds from these bond funds to the respective projects. The chart below outlines the approved allocations: Whitted Human Services Center HVACreplacement $2,064,000 Data Winne $50.000 Tile Replacement In Carrel Recreation $80.000 Painting and Floor Covering in offices and corridors of facility $506 000 Contingency $61 POOO - Total 213 Net Debt Reduction Bonds Allocated to WhIl Human Services Projece $2,745,000 Northern Homan Services Center General Renovations 1 $100000 Tend 213 Net Debt Reduction Bonds Allocated to Northern Human Services Project E100,000 Total Cost of Renovations $2,a45,OW The attached Whined Human Services Center and Northam Human Services Center Capital Project Ordinances appropriates the two-thirds net debt funds. (See attached Whiffed Human Services Center and Northern Human Services Center Capdal Project Ordinances), FINANCIAL IMPACT: Financial impacts are included in the background information above. RECOMMENDATION (S): The Manager recommends that the Board of County Commissioners approve the attached budget ordinance and capital project ordinance amendments.