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Draft 10/8/99 <br />D. Appropriations from .Other Local Governments and Public <br />Entities <br />This source may be more of a long-term proposition,. but it could be <br />a potential method if a joint acquisition mechanism is selected at <br />some point in the future. The possibilities for collaborative <br />acquisition- of parkNands, if .pursued, may facilitate efforts in -this <br />direction, .and -could prove a pilot project on ways to coordinate <br />funding.. from multiple public entities. Ways that this mechanism <br />could work might include: <br />Coordinated bond referenda. with the towns for agreed-upon.. <br />land resource acquisitions. Again, the parks area could be a test <br />case of this method. <br />Synchronized Capital Investment expenditures. Also <br />discussed in the Master Recreation and Parks report, this idea <br />has been. broached as a .way to more efficiently acquire and <br />develop parks and recreation facilities. This method would have <br />the participating: towns and County work together to adopt CIP's <br />such. that funding for parks and recreation needs from all <br />sources are. available at the time needed.. This approach might <br />also be workable for other land acquisition needs, where there <br />are.-common goals and objectives among the jurisdictions. <br />Finally, this method could also be explored with OWASA, which <br />is planning along-term land acquisition strategy in the Cane <br />Creek watershed.. <br />- Direct appropriations .from -other local general funds for <br />special cases ..that may arise (i.e., properties that have <br />significance across jurisdictional. boundaries). <br />- Collaborative acquisitions. with the University of North <br />Carolina or Duke University could be explored As previously <br />mentioned, both institutions are large landholders in the County <br />and contain many valuable resources.. This. approach could <br />.prove complex, however, and UNC's requirements for <br />.acquisition through the State may preclude this possibility. <br />E. Stewardship Endowments <br />The term stewardship relates to both long-term maintenance of the <br />site, and the cost of having it monitored by a knowledgeable <br />persona Research from the Land Trust Alliance indicates that <br />.stewardship and maintenance of properties can range as high as 8- <br />33 <br />