Agenda - 03-30-1995 - I - Laserfiche WebLink

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TLC Proposal to Orange County February 1995 Page 2 for money through this fund. This would establish a model public-private partnership to help protect this important area. The fund might work like this: 1) The county would appropriate money every year. 2) The balance in the fund would carry over from year to year. 3) The funds would be available to help purchase property on New Hope Creek by the county, TLC, or other appropriate organizations. THE MAX ISLEY TRACT The tract that has just been offered for sale is owned by Max Isley of Durham. The property is shaped like a lightening bolt that shoots 2346 feet from Mount Moriah Road down to New Hope Creek. It is 12.3 acres in size with 2.4 acres in Orange County (Tax Map #9890-94-99-49) and 9.9 acres in Durham County (Tax Map #476-01-001B). There is a 358-foot road frontage on Mount Moriah approximately 350 feet north of the Orange/Durham county line maker (Map 1). Approximately 7 acres of the Durham County land are in the floodplain/ floodfringe. Most of the upland portion of the tract is located in Orange County, and there are also approximately 2 acres of uplands in Durham County (Map 2). The New Hope master plan calls for acquiring a site along the east side of Mount Moriah Road (component 4, entrance site E2) for a public access site and trailhead (Map 3). There are only four parcels near area E2 which could provide such an access. The owners of the other three parcels have declined to participate in the master plan at this time. Mr. Isley is the first landowner in Orange County willing to sell property in an area crucial to the success of the master plan. Max Isley has had the land appraised at $300,000. TLC suspects that this value is too high given the amount of floodplain on the tract. Durham County estimates that its portion of the tract is worth about $90,000. If Orange County were to participate in purchasing this tract, the process might go like this: