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Park and Educational Campus property (all of which are part of the Town's <br /> Master Parks and Recreation Plan). <br /> A total of $400,000 is available in the current fiscal year for greenways projects <br /> (as part of the first bond sale). This is a part of the $1.75 million In the bond far <br /> Chapel Hill and Camboro greenways, to link to County open space network. That <br /> amount was originally identified as $1.0 million for Chapel Hill greenways <br /> projects, and $750,000 for Carrboro projects — with the understanding that <br /> projects that worked to tie together County and Town open space network would <br /> be given higher priority_ <br /> As the project meets most of the adopted criteria and is consistent with Lands <br /> legacy goals, two possible approaches to address the Town's request might be: <br /> a. Agree to appropriate the $400,000 for greenways in the current fiscal year <br /> (2001 bond funds) as the County's portion of the project match, with any <br /> remaining amount (up to the $750,000 maximum) to be appropriated in <br /> future years as deemed feasible — with the understanding that the Town <br /> will match any remaining amount of purchase price and associated costs <br /> not funded by the grant, and/or <br /> o If the funding sources (County bond funds, Clean Water Management <br /> .grant, other grants) end up meeting the total acquisition east, ask the <br /> Town to reimburse the County for 50% of the County's match over the <br /> next five fiscal years— consistent with the adopted joint parks criteria. <br /> I hope this brief evaluation is useful in considering the Town's request. Please <br /> feel free to contact me If you have any questions. <br /> E�� Oren 181130eo cavareRad <br /> PO Box 8bor/306A Ferere Road <br /> Hilla(919)2h, NC 0 <br /> f9t9)2452580 <br />