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<br /> <br /> <br /> <br /> <br /> <br /> Public Access, Open Space and Natural Resources Preservation Fund <br /> <br /> <br /> Cash balance at June 30, 2007 $ 3,597,328 <br /> 10/8/2007 Purchase of Waipi`o Valley Lookout $ (902,255) <br /> <br /> 12/31/2007 Real Property Tax Deposit $ 2,378,195 <br /> 1/2/2008 Purchase of Kawa'a (TMK: 9-5-17:07) $ (1,923,388) <br /> 1/31/2008 Interest earned through 1/31/08 $ 121,600 <br /> Miscellaneous deposits $ 266 <br /> Cash balance at January 31, 2008 $ 3,271,746 <br /> <br /> Projected deposits through 12/31/08: <br /> 6/30/2008 Real Property Tax Deposit $ 1,800,000 <br /> 12/31/2008 Real Property Tax Deposit $ 2,400,000 <br /> Planned purchase of remaining three Kawa'a parcels $ (6,000,000) <br /> <br /> Subtotal prior to grant receipts $ 1,471,746 <br /> Approved grants: <br /> State Legacy Land Grant - Kawa'a (TMK: 9-5-17:07) $ 1,200,000 <br /> State Legacy Land Grant - Kawa'a three remaining parcels $ 1,500,000 <br /> Federal National Coastal Wetlands Conservation Grant (USFW) $ 1,000,000 <br /> <br /> Projected cash balance after receipt of grants $ 5,171,746 <br /> <br /> * Full purchase price. County will eventually be reimbursed by the State Legacy Land Grant <br /> <br /> in the amounts of $1.2M and $1.5M as indicated above. Since the County advances the <br /> cash to complete the transactions on a timely basis, until the grant proceeds are received, <br /> funds available for additional purchases are reduced. Also, it is unknown how long <br /> it will take to receive the federal funds. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Attachment 1 <br />