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z <br />FINANCIAL IMPACT: The NC Department of Transportation will reimburse the County to <br />the extent of eighty percent (8Q%) of the eligible costs of a conservation easement <br />purchase up to the maximum federal award of $141,269. Orange County will provide at <br />least twenty percent (2Q%) matching funds and all costs that exceed the federal award of <br />$141,269. The specific location and casts of the easement purchase have not been <br />determined, and will come back to the Board for its consideration and approval. <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the attached <br />resolution authorizing the Manager to sign an agreement with the NC Department of <br />Transportation for the receipt of $141,269 in matching funds for acquisition of a scenic <br />conservation easement along an as yet unspecified segment of St. Mary's Road. The <br />terms of the final agreement are subject to final review by staff and County Attorney. <br />