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protect the entire farm, with additional restrictions along the Toms Creek corridor. All future <br />non-agricultural development rights would be extinguished through the easement. <br />ERCD Staff and the County Attorney have worked with the McPhersons and OWASA to <br />prepare a conservation easement document that meets the family's needs and the County's <br />interests, A copy of the draft easement is attached.. <br />Easement monitoring will be accomplished jointly by ERCD and OWASA staff on an annual <br />basis, until such time as the Board of Commissioners and the Soil and Water Board of <br />Supervisors may enter into a memorandum of agreement for the easement monitoring to be <br />accomplished by the Orange Soil and Water/Natural Resources Conservation Services staff, <br />FINANCIAL IMPACT: The cost of the easement purchase - to be split equally by Orange <br />County and OWASA - is $125,000 or $2,686 per acre. Including an estimated $10,000 for <br />closing and other transaction costs (also to be split equally with OWASA), the total Orange <br />County share of the project cost $68,000, The County's share would come from the <br />alternative financing for conservation easements approved by the Board in FY 2002-03. The <br />Budget office will bring a Capital Project Ordinance forward in an upcoming budget <br />amendment abstract, <br />RECOMMENDATION(S): The Manager recommends that the Board adapt the Resolution <br />approving the purchase of and acceptance by Orange County of the conservation easement <br />and authorize the Chair to sign the Resolution, <br />