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6 <br /> Funds for the easement purchase would come from Orange County ($34,125 purchase price <br /> plus $8,500 for boundary survey and closing costs) and the City of Raleigh's Watershed <br /> Protection Program ($37,125 purchase price plus $16,280 for easement stewardship costs). <br /> The County's share of funds ($42,625) would come from existing funds budgeted and <br /> approved for the Lands Legacy program (Land Legacy Fund). <br /> The Gledhill's property is enrolled in the Present Use Value taxation program, so the <br /> conservation easement would not lessen the amount of property taxes paid to the County. <br /> The decrease in the property's market value caused by the conservation easement (and <br /> extinguishing of portion of its developmental rights) would not lower the property value to a <br /> level that is less than the current present use value. <br /> The owners intend to take advantage of enhanced federal income tax deduction for easement <br /> donations, which the US Congress made permanent in 2015. <br /> With this allocation, approximately $3.0 million remains available in the Lands Legacy Capital <br /> Project. <br /> David Stancil introduced new Lands Conservation Manager, Kim Livingston. <br /> David Stancil made the following PowerPoint presentation: <br /> Conservation Easement <br /> Lick Creek <br /> Orange County Lands Legacy Program <br /> Lick Creek Conservation Easement (Gledhill Family) <br /> • Geoff and Jane Gledhill <br /> • Cedar Grove Windy Hill farm (Carr Store Road) <br /> • 30-acre woodland tract (undeveloped) <br /> • Streams drain to Lake Orange and East Fork Eno River <br /> Carr Store Road (map) <br /> Forest interior(photo <br /> (South side Carr Store Rd) <br /> Lick Creek (photo) <br /> Stream that joins Lick Creek (photo) <br /> Grove of poplar trees (photo) <br /> Pine stand <br /> Stream Buffer(aerial photo) <br /> • 30 acres <br /> • 6,000' of streams <br /> • Forested buffers <br /> • Public water supply <br /> • Rural character <br /> Proposed Conservation Easement: <br /> ➢ Perpetual duration <br /> ➢ Rights of privacy retained <br />