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Agenda - 12-18-2018 8-c - Resolution of Approval – Conservation Easement on Walker Farm and Approval of Budget Amendment #4-A
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Agenda - 12-18-2018 8-c - Resolution of Approval – Conservation Easement on Walker Farm and Approval of Budget Amendment #4-A
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12/13/2018 2:13:21 PM
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BOCC
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12/18/2018
Meeting Type
Regular Meeting
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Agenda
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8-c
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Agenda - 12-18-2018 Special Board Meeting (individual items from CANCELED meeting 12-11-2018)
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\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 12-18-2018 Special Meeting (items deferred from 12-11-2018)
Minutes 12-18-2018 special meeting regular
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\Board of County Commissioners\Minutes - Approved\2010's\2018
ORD-2018-036 Approval of Budget Amendment #4-A
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\Board of County Commissioners\Ordinances\Ordinance 2010-2019\2018
RES-2018-084 Resolution to approve conservation easement for Norman Walker
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\Board of County Commissioners\Resolutions\2010-2019\2018
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19 <br /> transfer or conveyance shall not impair the validity of this Conservation Easement or limit its <br /> enforceability in any way. <br /> 21. Amendment of Conservation Easement <br /> This Conservation Easement may be amended only with the written consent of the <br /> Grantees and Grantor. Any such amendment shall be consistent with the Statement of Purposes <br /> of this Conservation Easement and with the Grantees Conservation Easement amendment <br /> policies, and shall comply with Section 170(h) of the Internal Revenue Code or any regulations <br /> promulgated in accordance with that section. Any such amendment shall be duly recorded. <br /> 22. Procedure in the Event of Termination of Conservation Easement <br /> If it determines that conditions on or surrounding the Protected Property change so much <br /> that it becomes impossible to fulfill the conservation purposes of this Conservation Easement, a <br /> court with jurisdiction may, at the joint request of both the Grantor and Grantees, terminate or <br /> modify the Conservation Easement created by this Deed in accordance with applicable law. If <br /> the Conservation Easement is terminated and the Protected Property is sold, then as required by <br /> Section 1.1 70A-14(g)(6) of the IRS regulations, the Grantees shall be entitled a percentage of <br /> gross sale proceeds or condemnation award (minus any amount attributed to new improvements <br /> made after the date of the conveyance, which amount shall be reserved to Grantor), equal to the <br /> ratio of the appraised value of this Conservation Easement to the unrestricted fair market value <br /> of the Protected Property, as these values are determined on the date of this Conservation <br /> Easement), subject to any applicable law which expressly provides for a different disposition of <br /> the proceeds. <br /> All termination related expenses, including reasonable attorney fees, incurred by the <br /> Grantor and the Grantees shall be paid out of any recovered proceeds prior to distribution of the <br /> net proceeds as described herein. <br /> 23. Procedure in the Event of Condemnation or Eminent Domain <br /> Grantor and Grantees recognize that the partial sale of this Conservation Easement gives <br /> rise to a property right, immediately vested in the Grantees, with a fair market value equal to the <br /> proportionate value that the Conservation Easement bears to the value of the Protected Property <br /> prior to the restrictions imposed by the Conservation Easement. Accordingly, if any <br /> condemnation or eminent domain action shall be taken, on all or part of the Protected Property, <br /> by any authorized public authority, said authority shall be liable to the Grantees for the value of <br /> the property right vested in the Grantees at the time of the signing of this Conservation <br /> Easement. <br /> If condemnation or a taking by eminent domain of a part of the Protected Property or the <br /> entire Property by a public authority renders it impossible to fulfill any of the conservation <br /> purposes of this Conservation Easement on all or part of the Protected Property, this <br /> Conservation Easement may be terminated or modified accordingly through condemnation <br /> proceedings. Grantor and Grantees agree that the Conservation Easement is a currently vested <br /> Page 13 of 19 <br />
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