Agenda - 10-05-2004-6d - Laserfiche WebLink

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exception of two potential future house sites on four acres. The Lloyds are considering converting the cattle operation to a managed timber operation, ERCD Staff and the County Attorney have worked with the Lloyds and OWASA to prepare a conservation easement document that meets the family's needs and the County's interests. A copy of the draft easement is attached, Easement monitoring will be accomplished jointly by ERCD and OWASA staff on an annual basis, until such time as the Board of Commissioners and the Soil and Water Board of Supervisors may enter into a memorandum of agreement for the easement monitoring to be accomplished by the Orange Scil and Water/Natural Resources Conservation Services staff. FINANCIAL IMPACT: The cast of the easement purchase - to be split equally by Orange County and OWASA - is $3,500 per acre, or an estimated $413,000, The specific acreage will be determined by a survey of the property. Including closing and other transaction costs, the total Orange County share of the prdject cost is expected to be $215,000. The County s share would come from the alternative financing for conservation easements approved by the Board in FY 2002-03 ($192,000), augmented by the Lands Legacy Opportunities Fund ($27,000), The Budget office will bring a Capital Project Ordinance forward in an upcoming budget amendment abstract. RECOMMENDATION(S): The Manager recommends that the Board adopt the Resolution approving the purchase of and acceptance by Orange County of the conservaticn easement and authorize the Chair to sign the Resolution,