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- . <br /> 1,5 Ob ectives <br /> Th ordinance aims to achieve the following objectives: <br /> a? alleviate the problem of increasing tax burdens on agricul- <br /> tural activities <br /> b? minimize the incidence of nusiance suits against farm oper- <br /> ations <br /> c minimize the negative impacts of public projects on farm <br /> operations and farmland <br /> d <br /> minimize the relocation of farming operations due to non-. <br /> farM. development pressures. <br /> 1 <br /> 1.6 Voluntary Status of Participation <br /> I <br /> Al b components of the program outlined in Article 2 are volun- <br /> ta y in status of participation. A bona fide farm receiving <br /> thb benefits of participation which withdraws from the program <br /> and by withdrawl disqualifies for the continuation of benefits <br /> is subject to certain penalties outlined in Article 6. <br /> 1.7 Eligibility <br /> This ordinance is applicable to all bona fide farms eligible for <br /> partial exclusion from ad valorem taxation under C.S. 105-277.2 <br /> through 105-277.7 upon voluntary application for inclusion in the <br /> Oriange County Farm Preservation Program. <br /> ARTICLE 2. 134 VISIONS FOR PARTICIPATION IN PROGRAM <br /> 2.1 Vo untary Classes of Participation <br /> There are four voluntary classes of participation in the Orange <br /> 1 <br /> County Farm Preservation Program: <br /> Class A: Class A applies to bona fide farm units participating in the N.C. <br /> Pr ferential Taxation Program and provides for use value appraisal <br /> of1 the property as a basis for taxation. <br /> Class B: C1 L95 B is similar to Class A, but requires a twenty year devel- <br /> o PLent rights agreement prohibiting non-farm develop- <br /> me t. The creation of three lots meeting Orange County Subdivision <br /> and Zoning Ordinances standards and exempt from the agreement is <br /> permitted provided that the qualifying tract remains eligible for <br /> p sent use value taxation. <br /> f Class ct Cl ss C requires a ten year development rights agreement. Class C <br /> prpvides for the additional benefit of a 10% reduction in the use <br /> value assessment for taxation provided in the N.C. Preferential <br /> i <br /> Taxation Program- The creation of three lots meeting Orange County <br /> Subdivision and Zoning Ordinances standards and exempt from the <br /> 3 <br /> J... . .... .....— <br />