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

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10 Orange County will reimburse the United States for the amount paid by CCC, less any amount paid to the United States from title insurance. 10. Orange County shall ensure that the consideration paid to any landowners for the conveyance to Orange County of any conservation easements is no more than the fair market value of the land conveyed. Prior to cooperative agreement signatures, a copy of Orange County current appraisal policy and standards shall be provided to NRCS. Prior to NRCS accepting an interest in the easement, an appraisal shall be conducted on the Property and Orange County will notify the landowner of the fair market value of the conservation easement, ascertained using an appraisal purchased by Orange County. The appraisal shall conform to the Uniform Standards of Professional Appraisals Practices or the Uniform Appraisal Standards for Federal Land Acquisitions (Interagency Land Acquisition Conference, 1992. 11. Orange County shall certify payment(s) received by submitting a transmittal letter that references; (i) the cooperative agreement number; (ii) the conservation easement number and landowner name; (iii) the landowner's tax identification or social security number; (iv) total amount of dollars paid or to be paid to the landowner for the conservation easement, specifying the CCC share and the non-CCC share of the conservation easement cost; (v) acres acquired; (vi) a copy of the recorded deed containing the contingent right clause and conservation easement paragraphs as described in Part VI of this Agreement; (vii) MRCS CPA-230, Confirmation of Matching Funds; and (viii) date when NRCS payment was received. Certification of payment for all conservation easements acquired must occur on or before September 30, 2007. 12. Orange County shall not use FRPP funds to place an easement on a property in which Orange County employee or board member, with decision making involvement in matters related to easement and acquisition and management, has a property interest. Orange County shall not use FRPP funds to place an easement on a property in which a person who is an immediate family member or household member of an employee or board member, with decision making involvement in matters related to easement acquisition and management, has a property interest. Further, Orange County agrees to generally conduct itself in a manner so as to protect the integrity of conservation easement deeds that it holds as well as avoid the appearance of impropriety or actual conflicts of interests in its acquisition and management of conservation easements. 13. Orange County agrees that it will not at any time, when Orange County is named as a Grantee on the conservation easement deed, seek to acquire the remaining fee interest in the Property unless the conservation easement deed for this Property, the fee interest of which is to be acquired by Orange County, expressly provides that the terms of the conservation easement survive any merger of the fee and easement interests in the Property. In the event Orange County acquires the fee simple title to the Property, Orange County, with approval of the United States, must transfer the conservation easement to a public agency or qualified non-profit organization under Section 170(h) or successor provision of the Internal Revenue Code, prior to acquiring the fee title. Likewise, if Orange County enters into an agreement with another entity to manage/monitor the conservation easement, and the entity seeks to acquire the underlying fee,