S Grant Agreement - Acceptance of Two Grants for Purchasing a Conservation Easement at the Breeze Farm

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IV. OBLIGATION OF FUNDS Upon execution of this agreement, the United States shall obligate the sum of $327,383 for the acquisition by Orange County of a conservation easement for the parcels listed on Attachment A. This agreement may be revised to obligate funds in Fiscal Years 2010 and 2011 if the cooperating entity submits parcels that rank high enough to warrant the obligation of funds. Orange County must close of the easement acquisition and request payment of this amount in accordance with Part VII of this Cooperative Agreement before the dates in the table below. Fiscal Year Attachment with Associated Parcels Funds Obligated Fund Citation 2009 A 2010 B NA NA 2011 C NA NA Fiscal Year of Fund Obli ation Attachment with Associated Parcels Closing Deadline Payment Request Deadline Fund Disbursement Deadline 2009 A 2010 B 2011 C This Cooperative Agreement expires on September 30, 2013. This Cooperative Agreement is the authorizing document that obligates CCC funds to acquire conservation easements. The United States' contribution for the acquisition of each conservation easement acquired by Orange County shall be up to but not more than 50% of the appraised market value of the conservation easement. The United States' contribution cannot be used for closing and related administrative costs incurred by Orange County in acquiring the conservation easement. Attachments A, B, and C to this Cooperative Agreement specify the properties on which CCC funds will be used within Orange County and includes a list with a detailed breakdown of the: (1) name and mailing address of the landowner; (2) number of acres to be acquired; (3) the estimated conservation easement value; and (4) estimated Federal contribution to the estimated conservation easement value. However, nothing in this document obligates the United States or Orange County to purchase all or any of the conservation easements parcels listed. There may be further modifications, additions or deletions to the list depending on the prices paid for the conservation easements, the ability to obtain good and clear title, future funding for acquisitions, etc. Additions or deletions to Attachments A, B, and C will be made by mutual agreement between the Parties to this Cooperative Agreement. Additions to Attachments A, B, and C must have written pending offers and the parcels and the landowners must meet eligibility requirements. The pending offers may be from any year. The 3