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Staff proposes to apply for up to $600,000 toward an agricultural conservation easement, and <br />up to $300,000 for enterprise funds for the proposed Value-Added Shared Use Food Processing <br />Center at the Orange Enterprises building on Valley Forge Road and/or the Farm Enterprise <br />Incubator at the WC Breeze Family Farm Agricultural Extension & Research Center. The grant <br />awards would be announced in June 2008. <br />FINANCIAL IMPACT: The grants, if awarded, would require a match of 30% from the granting <br />agency. For the conservation easement, this would be $200,000. The Lands Legacy Program <br />currently has approximately $560,000 in remaining funds for conservation easements. The <br />proposed conservation easement would also be submitted for USDA matching funds, making <br />the County's portion of the total cost potentially as low as 15%. <br />Matching funds for the Value-Added Shared Use Food Processing Center and / or the Farm <br />Enterprise Incubator at the WC Breeze Family Farm Agricultural Extension & Research Center <br />would come from other potential funding sources to be identified for that project. <br />RECOMMENDATION(S): The Manager recommends that the Board authorize staff to submit <br />the applications for grant funding by the December 14 deadline. <br />