2003 NS ERCD - - Trinity School of Durham and Chapel Hill Acceptance of Conservation Easement Assignment from the Triangle Land Conservancy and Chapel Hill

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6 natural features and resources of the Easement Area, to provide habitat for native plants and animals, to improve and maintain water quality, and to control runoff of sediment (hereinafter the "Conservation Values"). C. The Easement Area is depicted on a survey dated August 22, 2003, entitled "Conservation Easement for the State of North Carolina, Clean Water Management Trust Fund and Trinity School of Durham and Chapel Hill", prepared by John R. Mc Adams Company, Inc., recorded in the Orange County Registry on September 10, 2003 and further described in Exhibit B attached hereto and by this reference incorporated herein. D. Grantee is a non-profit organization established for the purpose of promoting the preservation of ecologically valuable lands, natural and wildlife habitat, and lands with significant natural and open space values in the State of North Caolina for charitable, scientific, educational and aesthetic purposes uid will receive and hold this Conservation Easement until at such time it conveys an Assignment of Conservation Easement to the STATE OF NORTH CAROLINA, by and tluough the Clean Water Management Trust Fund, and the same is recorded in the Orange County, North Carolina. E. Grantor and Grantee recognize that the Easement Area is located adjacent to the New Hope Creek and its tributaries, and the Easement Area has been deerned by the State of North Carolina to qualify as a riparian buffer, addressing the cleanup and prevention of pollution of the State's surface waters, and the establishment of a network of riparian buffers. Moreover, Grantor and Grantee recognize that the Easement Area has other conservation values including fish and wildlife conservation, open space and scerric values. F. The Clean Water Management Trust Fund, ("Fund") with an address at 1651 Mail Service Center, Raleigh, North Carolina 27699-1651 is arr agency of the State of North Carolina ("State"), with an address at c/o State Property Office, 1321 Mail Service Center, Raleigh, North Carolhra 27699-1321, and is authorized by Article 13A, Chapter 113 of the General Statutes of North Cazolina to finurce projects and to acquire land and interests in land, including conservation easements for riparian buffers for the purposes of providing environmental protection for surface waters and urban drinking water supplies. G. Grantee has received a grant fiom the Fund identified as Grant Agreement No.1997B- 009 ("Grant Agreement") for acquisition of a Conservation Easement in consideration of wluch Grantor has agreed that the Easement Area will be conserved and managed in a manner that will protect the quality of waters of the New Hope Creek and otherwise promote the public purposes authorized by Article 13A, Chapter 113 of the North Carolina General Statues ("N.C.G.S."). H. The Grantor, Grantee, State and Fund (collectively referred to herein as the "Parties") hereto intend that the conservation values of the Easement Area will be preserved and managed pursuant to the terms and conditions of said Grant Agreement entered into between the Grantee and the Fund on the ls` day of May 1998, incorporated herein by reference, and available for inspection in the offices of the North Carolina Department of Envhomnent and 6