S Easement - Sykes Family Limited Partnership

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~~~~I~a~~~~~l~d~~~l~~~N~~~~~~~~~~~~~~~~~~~~ RB5227 435 3/34 The Grantor and Grantee agree that the current agricultural use of, and improvements to, the Protected Property are consistent with the conservation purposes of this Conservation Easement. The Grantor intends that the Conservation Values of the Protected Property be preserved and maintained, and further, Grantor intends to convey to Grantee the right to preserve and protect the agricultural and other Conservation Values of the Protected Property in perpetuity. The conservation purposes of this Conservation Easement are recognized b and the grant of this Conservation Easement will serve, the following clearly delineated e mental conservation policies: (1) Sections 1238 H and 1238 I of the Food Security Act of 1985, a whic authorizes the Farm and Ranch Lands Protection Program, administered thro h t i States Department of Agriculture, Natural Resources Conservation ice, w' prov' es funds for the acquisition of Conservation Easements or other inter i rime, ique, or other productive soils for the purpose of limiting conversion Yo nona~rir~ultur s of land; (2) North Carolina General Statute 139-2 et seq., w i h provides at ~ is hereby declared ...that the farm, forest and grazing lands of th Sta e f North C olina are among the basic assets of the State and the preservation of these a s is e ssary protect and promote the health, safety and general welfare of its people . it eby d to be the policy of the legislature to provide for the conservation of th i nd re es of this State;" (3) North Carolina General Statute 6- e., whi states that "It is declared to be the policy of the State of North Carolina mo efficient production and utilization of the products of the soil as essential to the lth welfa our people and to promote a sound and prosperous agriculture and rural 's nsab to the maintenance of maximum prosperity;" ~,.~~ (4) The Uniform No Carolina er~tion and Historic Preservation Agreements Act, North Carolina General S atu e 21-34 et s., which provides that conservation agreements are "interests in land" whi ay ective erpetually;" which provides for the enforceability of restrictions, easements, co nts tions "...appropriate to retaining land or water areas predominantly in tural, nic, or open condition or in agricultural, horticultural, farming or forest use...;" e for tax assessment of lands subject to such agreements "on the basis of tl~~ \\v of the land and improvement less any reduction in value caused by the agreement;" e establis ent of the North Carolina Agricultural Development and Farmland Preservatio t Fu established in 1986 (N.C.G.S. 106-744(c) as amended) to preserve important farm orth Carolina; (6) The North Carolina Conservation Tax Credit Program, North Carolina General Statute 105-130.34 and 105-151.12 et seq., which provides for state income tax credits for Page 3 of 20