NS - Grant -Grant from the Federal Farm & Ranch Land Protection Program for Agricultural Conservation

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4 Tribes, States, units of local government, and non-governmental organizations. See Federal Register Volume 69, Number 233, Notice Pages 70427-70432. WHEREAS, Orange County and the United States have mutual interests in preventing the conversion of agricultural lands to non-agricultural uses; and WHEREAS, the United States administers the FRPP; and WHEREAS, Orange County administers a farmland protection program and has pending offers for acquiring agricultural conservation easements from landowners within Orange County, and the United States and Orange County have agreed to combine their resources to assure that such areas are protected from conversion to nonagricultural uses. THEREFORE, the parties agree to enter into this Cooperative Agreement. III. OBLIGATION OF FUNDS Upon execution of this agreement, the United States shall obligate the sum of $ 845,686 for the acquisition of the United States' interests in conservation easements. Orange County must request payment of this amount in accordance with Part V of this Cooperative Agreement before September 30, 2007. After this date, any remaining funds will be released from this obligation. 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 fair market value. The United States' contribution cannot be used for closing and related administrative costs incurred in acquiring the conservation easement. Attachment A to this Cooperative Agreement specifies the CCC funds to be used within Orange County and includes a list with a detailed breakdown of the: (1) name and mailing address of the landowner; (2) tax map number(s) of the property; (3) number of acres to be acquired; (4) FRPP's matching share; and (5) 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 maybe 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 the list will be made by mutual agreement between the Parties to this Cooperative Agreement. IV. ENTITY'S CONTRIBUTION Orange County or designated escrow agent must disburse 100 percent of the payment, representing the easement purchase price, to the landowner at the time of closing, unless it is paying for the easement in installments in accordance with V.B. herein. Landowner donations up to 25 percent of the appraised fair market value of the conservation easement maybe considered as part of the entity's matching offer. Where a landowner's donation is considered to be part of