Orange County NC Website
TEMPLATE 09/13/02 ~ <br />Prior to signing the cooperative agreement, for a landowner's donation to be considered as part of <br />an entity's matching offer, the entity must have a current appraisal on the land in accordance with <br />the Uniform Standards of Professional Appraisal Practices or the Uniform Appraisal Standards <br />for Federal Land Acquisitions (Interagency Land Acquisition Conference, 1992). <br />V. PAYMENTS <br />Orange County shall notify NRCS when the CCC funds are to be paid. CCC funds shall <br />be paid to Orange County when NRCS is notified that the conservation easement has been <br />recorded and Orange County has paid the landowner(s). Where the County cannot obtain 100 <br />percent of the funds to be paid at closing to the landowner(s) and requires NRCS to make its <br />payment at closing rather than on a reimbursable basis, the County may request a waiver for <br />NRCS to pay its share of the conservation easement purchase at closing. In the instance where a <br />waiver is requested, the County shall notify NRCS at least 60 days prior to closing. Where a <br />waiver is requested, CCC sha11 make payment to an authorized closing agent. These funds will <br />be transmitted to the Closing Agent by electronic transfer. The Closing Agent will hold the <br />funds in escrow for a period not to exceed 14 calendar days. Upon receipt of the funds, the <br />closing agent will sign a payment receipt form and return it to NRCS. If interest is earned upon <br />CCC funds, the Closing Agent must return any interest earned to CCC. All deeds used by <br />Orange County sha11 be approved by the Office of General Counsel (OGC) National office or <br />regional OGC office prior to purchase of the conservation easement or other interest in land. <br />Orange County will submit Form SF-270 (Request for Advance/Reimbursement of <br />Funds), and the information specified below to the North Carolina NRCS State Office. Prior to <br />submitting the SF-270, the County must also request a copy of closing agent requirements from <br />NRCS and ensure that the closing agent meets these requirements. Orange County may submit <br />the Form SF-270 after all the deeds have been recorded and the landowner has been paid or on a <br />quarterly basis for each quarter that conservation easements have been recorded and the <br />landowner has been paid. <br />At a minimum, the following information shall be included in, or attached to, the SF-270: <br />(1) the name of the County; (2) this cooperative agreement number; (3) conservation easement <br />or other land interest number; (4) total amount of dollars paid the landowner for the conservation <br />easement, specifying the CCC share and the non-CCC share of the conservation easement cost; <br />(5) term of conservation easement; (6) acres acquired; (7) Tax Identification Number (TIN) for <br />Orange County; (8) Federal Infortnation Processing Standazds (FII'S) number for Orange <br />County; (9) Bank routing number and account number for desired deposit location; and (10) <br />copy of the conservation easement deed that contains the contingent right clause as described in <br />Part VI of this Agreement. Where a landowner donation is accepted as part of the entity's <br />matching offer, a copy of the current appraisal and IRS Form 8283 must be submitted to NRCS. <br />VI. CONSERVATION EASEMENT REQUIREMENTS. <br />