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Attachment 2 <br /> Conservation Easement y <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 Ponds for the acquisition Of agricultural <br /> conservation easements to help preserve County farmland with a priority placed on <br /> farms with a strong conservation track record in water supply watersheds. <br /> Financing for the project includes proceeds from alterni financing methods, <br /> such as private placement loans or cedificates of participation (COPa), and federal <br /> grant funds from the USDA Natural Resource Conservation Service. In accordance <br /> with the grant agreement,the County must provide a dollar for dollar match of the <br /> federal grant funds over a three-year period, ending September 30, 2005. <br /> Section 2.Tho officers of the County are hereby directed to proceed with the project within the <br /> budget contained herein. <br /> Section 3.The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 2001-02 FY2002-03 1 200203 <br /> Sales Tax $0 Sol SO <br /> Hord Funds SO $0 0 <br /> I'Mate Pluceuwnr $0 $0 $T <br /> Grant Funds 0 $984155 $984155 <br /> Fees $b $0 0 <br /> Omer $0 $0 $0 <br /> Total Smiting $0 $986155 $984155 <br /> Section 4.The following amount is appropriated for this project: <br /> taronalaFY Tlarinsti <br /> MM-M I FY2009N 21)(Ol <br /> $0 $24155 MM <br /> Gnwution So % <br /> DIKE so So <br /> 'MeICosts &I $ ]55 <br /> Section 5. This Ordinance supersede&all previous Conservation Easement Capital Project <br /> Ordinances for Orange County. <br /> Section 8. This ordinance shall remain in effect from September 30, 2002 until September <br /> 30, 2005. <br /> Adopted this 15r'day of October 2002. <br />