2021-052-E DEAPR- Moorefields Clean Water grant

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DocuSign Envelope ID:80DBCC67-147D-4966-BA8F-6B37818063C4 EXHIBIT D PRE-CLOSING CHECKLIST ACQUISITION OF FEE SIMPLE AND CONSERVATION EASEMENT The following documents must be submitted for approval and in compliance with Acquisition Guidelines available on the website. Grant Recipient takes responsibility for this compliance by approving all documents provided by vendors prior to submission. • Funds for acquisition of the Property or Conservation Easement will not be released until Pre-Closing documents have been reviewed and Grant Recipient has received authorization to Close in writing; and • A final Closing date should not be set until Grant Recipient has received authorization to Close. 1. Appraisal. Two (2) appraisals are required if the fee simple value or the easement value of the Property is greater than $500,000. If the value of the Property exceeds $500,000, contact the State Property Office("SPO")regarding instructions on ordering the second appraisal. Appraisals must meet the following criteria: • Appraisals must be performed by a North Carolina general certified appraiser and all appraisals must be summary appraisals in narrative form in accordance with Uniform Standards of Professional Appraisal Practice. • The appraisal should reflect the market value of the Property or the Conservation Easement at the time of purchase by the Grant Recipient. • Appraisals of the conservation easement should reflect the"before and after"approach, indicating the value before and after the easement was recorded on the Property. 2. Conservation Easement(s) or Declaration of Restrictive Covenants. The State-owned Conservation Easement through NCLWF and the match Conservation Easement or Declaration of Restrictive Covenants,where applicable, shall convey such rights and establish such restrictions on the use of the Property as may be deemed suitable by NCLWF to accomplish purposes set out in Exhibit A. Any changes to the standard template for the State-owned Conservation Easement or Declaration of Restrictive Covenants should be highlighted for review. 3. Assignment of Conservation Easement. The Assignment of Conservation Easement executed by the Grant Recipient to the State as assignee shall be in the form satisfactory to theNCLWF. The Grant Recipient shall retain the non-exclusive rights to monitor, observe, and access the Property and the Conservation Easement area. 4. General Warranty Deed to Grant Recipient(Fee Simple Acquisitions). The description of the General Warranty Deed to the Grant Recipient must either be metes and bounds or refer to a recorded map or plat. The General Warranty Deed must indicate that the Grant Recipient will own and possess fee simple title to the Property, free and clear of any liens, charges, or encumbrances that would materially affect the use of the Property as set forth in the Grant Contract and the Conservation Easement. Submit PDFs of the instruments conveying title to the current owners of the subject tracts(s). Orange County,North Carolina(NCLWF 2020-048 Moorefields Estate) Final—December 21,2020 Page 15 of 27