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7 <br /> „nil» <br /> 0111 ,00t 0,4400 <br /> loplommmollo <br /> RR <br /> 1101 G)L.aess Rd [)L rhalru® NC 919 2. ) 9099 www einoiriiyeir.oirg <br /> May 1, 2017 <br /> Mr. David Stancil <br /> Department Director DEAPR <br /> 306A Revere Road <br /> Hillsborough, NC 27278 <br /> Via Email to dstancil @orangecountync.gov <br /> Re: Hobgood Conservation Project Grant Request <br /> Dear Mr. Stancil, <br /> On behalf of the Eno River Association I am writing to request funding from Orange County in <br /> the amount of$121,200 to be used for the purchase by the Association of 22.66 acres of <br /> conservation land in the Upper Eno watershed. At the County's option, the Eno River <br /> Association will convey a conservation easement on the property to the County in exchange for <br /> this grant funding. <br /> Project Status <br /> • The Eno River Association has the property under contract for$350,000, which is <br /> $10,000 less than appraised value. The contract is contingent upon obtaining funding <br /> approval from grant sources, and includes a provision for donation of a 19-acre <br /> conservation easement. This donation is, in turn, contingent upon the Association <br /> closing on the 22.66 acres to be purchased. Additional project costs include survey and <br /> legal expenses of$9,500 and stewardship endowment funding of$18,390, bringing the <br /> total project cost to $377,890. <br /> • The Association has also applied for grant funding from the City of Raleigh through its <br /> Upper Neuse Clean Water Initiative, and from the North Carolina Clean Water <br /> Management Trust Fund. <br /> • Funding from Raleigh has been approved in the amount of$97,095. Raleigh does not <br /> require a recorded conservation agreement for its grants to land trusts such as the <br /> Eno River Association. <br /> • Funding from the Clean Water has been requested in the amount of$138,250, with <br /> a decision expected in September. If approved, the state will hold a 300 foot <br /> conservation easement on all river and stream frontage on the property. <br /> • Timing of the County's award is critical, in that Clean Water funding is awarded <br /> based on a ranking of all project submissions. In addition to contributing to the <br />