Agenda - 09-05-2000-8c - Laserfiche WebLink

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businesses in the community. As requested by the Board in August, the department will provide the Board with a report of planned initiatives and cost estimates prior to expending the funds. The required 20 percent match of $9D0 is included in the department's current year budget (see column #7, page 5 of this abstract). Lands Legacy Capital Project Ordinance 9. In spring 2000, the Board of Commissioners agreed to partner with Durham County, the Triangle Land Conservancy, and the Eno River Association in the purchase of 391 acres of land located along the North Fork of the Little River. Total cost of the land acquisition is $1,016,366. Approximately 136 acres are located in Orange County and 255 in Durham County (roughly aone-third/two-thirds split). In addition, the partners plan to develop low- impact recreational areas, including hiking trails, parking areas, picnic shelters, restrooms and playgrounds, on the land. Both Counties have received several grants that offset both the land purchase and future development of the site that is now known as the Little River Regional Park and Natural Area. Table 1 below provides details of the grants: Tabl® 1. Purpose of Grant Total Grant Clean Water Management Trust Fund Land Acquisition $377,000 Parks and Recreation Trust Fund Land Acquisition Triangle Land Conservancy & Eno River Association Constributions Land Acquisition Land and Water Conservation Fund Total Park Development and Land Acquisition $250,000 $170,000 $262,000 $1,059,000 Orange County Share of Grant Funds $131,950 $87,500 $59,500 $262,000 $540,950 Durham County Share of Grant Funds $245,050 $162,500 $110,500 $0 $518,050 Land acquisition costs will be offset by the Clean Water Management Trust Fund grant (not to exceed $377,000), Parks and Recreation Trust Fund grant ($250,000), and a contribution from the Triangle Land Conservancy and Eno River Association ($170,000). Remaining acquisition costs of $ 254,36fi will be split between Orange (35 percent) and Durham (65 percent) counties. Orange County's share of acquisition costs ($89,028) will be split 50/50 between 1997 park bond funds and recreation and open space payment-in-lieu funds. Table 2 below provides this information in a tabular form for clarification. These funds are included in the attached Lands Legacy Capital Project Ordinance (page 6 of this abstract). Offsetting Grant Funds Orange County Durham County and Table 2. Total Cost Share Share Contributions Land Acquisition & Related Costs $1 051,366 - $89 028 $165,338 $797,000