HomeMy WebLinkAboutORD-2005-207 - Conservation Easements Capital Project Ordinance 6,9 a . as mss' -moo
ATTACHMENT 3
06
Conservation Easements
Capital Project Ordinance
Be it ordained by the Orange County Board of County Commissioners that pursuant to Section
13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is
hereby adopted.
Section 1. The project authorized provides funds for the acquisition of conservation
easements to help preserve County farmland. Financing for the project includes
proceeds from private placement loans and federal grant funds from the USDA
Natural Resource Conservation Service.
Section 2. The officers of the County are hereby directed to proceed with the project within
the budget contained herein.
Section 3. The following revenue is anticipated to complete this project:
Through FY 2004- Through FY 2005-
05 FY 2005-06 06
Sales Tax and Dedicated Property
Tax - $0 $200,000 $200,000
Bond Funds $0 $0 $0
Private Placement $1,500,000 $750,000 $2,250,000
Grant Funds $2,268,681 $0 $2,268,681
Fees $0 $0 $0
Transfer from Lands Legacy
lCapital $27,000 $116,000 $143,000
Total Fun ' $3,795,681 $1,066,000 $4,861,681
Section 4. The following amount is appropriated for this project:
Through FY Through FY
2004-05 FY 2005-06 2005-06
Land/Buil
Walters Easement $725,000 $0 $725,000
Volpe Easement $73,100 $0 $73,100
Cheek Easement $580,000 $0 $580,000
McPherson Easement $68,000 $0 $68,000
Ward Easement $444,750 $0 $444,750
Lloyd Easement $219,000 $0 $219,000
Laws Easement $0 $0 $0
Keith Easernent $0 $116,000 $116,000
Unallocated $1,685,831 $950,000 $2,635,831
Total Land/Building $3,795,681 $1,066,000 $4,861,681
Design $0 $0 $0
Construction $0 $0 $0
Total Costs $3,795,681 $1,066,000 $4,861,681
Section 5. This ordinance supersedes all previous Conservation Easements Capital Project
Ordinances for Orange County.
Section 6. This ordinance shall remain in effect until June 30, 2006.
Adopted this 13th day of December 2005.