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53 <br />fair market value of the property at its highest and best use. The <br />second appraisal will establish the value of the property for <br />agricultural or open space use. <br />2. Upon receiving the written appraisals, the Board of Supervisors <br />will present the values to the landowner by certified mail. The <br />landowner will have thirty (30) days from receipt of the values <br />to submit an offer to sell his/her development rights. Failure to <br />respond in writing within the required time may constitute waiver <br />of the opportunity, in the sole discretion of the Board of Super- <br />visors. Upon receiving an offer to sell, a representative of the <br />Board of Supervisors will meet with the landowner and accept, <br />reject, or negotiate a compromise price with the landowner. If an <br />agreement is reached, a contract to convey will be signed promptly <br />by the landowner and the Board of Supervisors on behalf of the <br />county. <br />3. At county expense, the Board of Supervisors will cause any <br />necessary title examinations to be performed and all documen- <br />tation to be prepared. If the property in question is subject to <br />mortgage(s) or lien(s), a subordination agreement or waiver must <br />be secured from the mortgage or lien holder. Closing will not take <br />place until this requirement is met. The Board of Supervisors will <br />assist in securing this agreement with the mortgage or lien holder, <br />at the request of the landowner. <br />4. Upon preparation of appropriate legal documents covering titles, <br />deeds, surveys, and subordination agreements, the closing will be <br />scheduled by the Board of Supervisors. Prior to closing, all legal <br />documents will be reviewed for verification and accuracy. At <br />closing, the owner will execute appropriate full warranty <br />documents conveying development rights to the county in <br />perpetuity. After proper recordation of necessary instruments, the <br />landowner will be presented with a check. The county will bear all <br />closing and related costs. The Board of Supervisors will securely <br />store all pertinent records, including deeds. <br />5. The Board of Supervisors may extend any stated time limit as <br />circumstances require. The deviations will be reported to the <br />Chairman of the Board of Supervisors and the landowner. <br />W <br />