NS Grant - NC Agricultural and Farmland Preservation

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Z Staff proposes to apply for up to $644,444 toward an agricultural conservation easement, and up to $344,444 for enterprise funds far the proposed Value~Added Shared Use Food Processing Center at the grange enterprises building on Valley Forge Road andlar the Farm enterprise Incubator at the wC Breeze Family Farm Agricultural Extension & Research Center. The grant awards would be announced in June X448. 1=1NANCIAL IMPACT: The grants, if awarded, wauld require a match of 34°/a from the granting agency. For the conservation easement, this would be $240,444. The Lands Legacy Program currently has approximately $564,444 in remaining funds for conservation easements. The proposed conservation easement would also be submitted far USQA matching funds, making the County's portion of the total cast potentially as low as 15°/0. Matching funds for the Value-Added Shared Use Foad Processing Center and 1 or the Farm enterprise Incubator at the UVC Breeze Family Farm Agricultural Extension & Research Center would come from other potential funding sources to be identified far that project. R~CDMMFNDATIUN~S~: The Manager recommends that the Board authorize staff to submit the applications for grant funding by the December 14 deadline.