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Easement monitoring would be accomplished by ERCD staff on -an annual basis, until such <br />time as the Board of Commissioners and the Soil and Water Board of Supervisors may enter <br />into a memorandum of agreement for the easement monitoring to be accomplished by Soil <br />and Water/NRCS staff. <br />FINANCIAL IMPACT: The cost of the easement purchase is $210,000, or $3,000 per acre. <br />Including closing and other transaction costs, the total cost of the project is $215,000 -with <br />$107,000 of this amount to be reimbursed by the Farmland Preservation Trust Fund within <br />10 days of closing. Total County cost of $108,000 would come from the Lands Legacy Fund <br />($174,777 remaining). A budget ordinance amendment would be prepared at an upcoming <br />BOCC meeting for this, project. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1. adopt the resolution approving the easement and authorize the Chair to sign the <br />easement, with closing and recordation of the document to occur by July 31, 2001, and <br />2. authorize the Chair to sign the Farmland Preservation Trust Fund grant agreement, <br />accepting the $107,000 grant award. <br />