Agenda - 04-10-2006 - 9c - Laserfiche WebLink

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The interlocal agreement would address the following items: 1. The respective jurisdiction's portions of the purchase of the former Erwin Trace property, and the mechanism for reimbursements from grants received 2. The distribution and ownership of the property to be jointly acquired (Orange County would hold title to the 11 acres lying in Orange County), and proposed adjoining easements and purchases from the Penny family, 3. The process for master park planning of the Hollow Rock Area (including lands in Orange County beyond the former Erwin Trace property), with the creation of a Park Planning Advisory Committee to develop a draft master plan for consideration by the elected boards. This committee would have 11 members (four appointed by Orange County). The parties to the agreement would mutually agree on a time for the committee to begin meeting, 4. The (former Erwin Trace) property will be maintained in a 'natural scenic condition' and limited to open space, trails, parking and other low- impact recreation activities, and would be open during daytime hours, and 5. The agreement may be terminated by any one party by providing written notice (as long as no executable obligations are remaining for that party as per the agreement). Following consideration of the agreement by Orange County, the Town of Chapel Hill, City of Durham and Durham County would also consider the proposal. Upon completion of this review, a final version of the agreement would come back for formal approval. FINANCIAL IMPACT: Approval of the interlocal agreement would confirm the funding shares of the former Erwin Trace property agreed to in April of 2005. The total cost of the acquisition of this property from Duke is $1.5 million. Orange County's share of the amount is $200,000, which includes $75,000 from TLC and $25,000 pledged from the Town of Chapel Hill in April 2005 to complete the purchase. Grants received for the purchase would reduce the County's share by an estimated $73,000. The County has also since acquired the 7 -acre Hollow Rock Trailhead property from Duke ($72,000), and is scheduled to acquire the 23 -acre Penny property (funded primarily with an Ecosystem Enhancement Program grant of $111,000) later in April. The County's share of the Penny acquisition is projected to be $13,000. RECOMMENDATION(S): The Manager recommends that the Board approve the draft interlocal agreement, subject to final review by the County Attorney and staff, with the understanding that the draft agreement will be considered by the other parties and if changed, would be returned for final formal adoption at a later date.