Orange County NC Website
Browse       Search
their property. In 2008 the Eno River Association purchased 179 acres for a nature preserve <br />with assistance from the State of North Carolina and Orange County. The Eno River <br />Association is speaking with other property owners interested in conserving their land. <br />DEAPR Staff and the County Attorney are working with the Volpes to prepare an agreement <br />that meets both their needs and the County's interests. The conservation easement would <br />prohibit future subdivision and ensure that the property remain in its natural, forested <br />condition. All future development rights would be extinguished except for an allowance for <br />nature trails and one small shelter (gazebo). DEAPR staff would monitor the property on an <br />annual basis, in conjunction with the previous easement granted by the Volpes. A copy of <br />the draft easement is provided as an attachment. <br />FINANCIAL IMPACT: Mr. and Ms. Volpe intend have agreed to "sell" the conservation <br />easement to Orange County for the appraised value of $26,000. The estimated cost to the <br />County would be $26,000 plus another $5,000 for transaction costs (appraisal, title search <br />and closing fees). DEAPR is awaiting a decision by the City of Raleigh to contribute up to <br />$5,200 for the project through the Upper Neuse Clean Water Initiative - a program that <br />provides matching funds for projects that will help protect water draining to Falls Lake. <br />Those funds were requested by the Eno River Association. <br />The total cost to the County would be $31,000, up to $5,200 of which would be reimbursed in <br />early 2011 if funds are awarded by the City of Raleigh. The County funds would come from <br />existing funds budgeted in the Lands Legacy Conservation Easement Fund, approved by the <br />Board of Commissioners in FY 2002-03 and previously appropriated. The conservation <br />easement would diminish the overall market value of the Volpe land holdings by an <br />estimated $26,000 as determined by a recent conservation easement appraisal. <br />Budget Amendment # 5-A increases the project budget by $31,000 from existing funds in the <br />Conservation Easement Project. <br />Conservation Easements: <br />Project # 20006 <br />RPVPnI1PS fnr this nr~iect <br />----------- --- ----- --- ---- <br />Through FY <br />2009-10 <br />FY2010-11 <br />Amendments <br />Dec. 14, 2010 <br />Amendment <br />FY 2010-11 <br />Revised <br />Sales Tax & Dedicated <br />Pro a Tax $350,000 $350,000 <br />Private Placement 3,000,000 3,000,000 <br />Grant Funds 3,547.,707 $322,000 3,869,707 <br />Transfer from Lands Legacy <br />Ca ital Pro~ect 143,000 143,000 <br />Total Project Fundin $7,040,707 $322,000 0 $7,362,707 <br />A ro riated for this ro'ect: <br /> Through FY <br />2009-10 Prior Years <br />Amendment Dec. 14, 2010 <br />Amendment FY 2010-11 <br />Revised <br />Walters Easement $725,000 $725,000 <br />Vol a Easement 73,100 $31,000 104,100 <br />Cheek Easement 580,000 580,000 <br />McPherson Easement 68,000 68,000 <br />