Orange County NC Website
TLC will purchase the easement with a grant from the NC Clean Water Management Trust <br />Fund. TLC will assign the easement to Orange County for oversight of a future public <br />walking trail along New Hope Creek. Orange County will then assign the conservation <br />easement to the State of North Carolina, which will be the ultimate grantee and holder of the <br />easement. Orange County will reserve from this conveyance the nonexclusive rights initially <br />acquired by the conservation easement to monitor, observe, access, and enforce the <br />easement for the conservation and recreational purposes allowed therein. <br />On September 16, 2003, the Board of Commissioners adopted a resolution approving <br />Orange County's acceptance of the conservation easement and authorizing the Chair to sign <br />the easement documents pending final review by the County Attorney and staff. The <br />documents have been finalized to the satisfaction of all parties. TLC will close on the <br />conservation easement in early November and schedule a subsequent closing in late <br />November for assignment of the easement to Orange County and the State of North <br />Carolina. <br />FINANCIAL IMPACT: The Triangle Land Conservancy will purchase the conservation <br />easement and then convey the easement to Orange County. Orange County (ERCD) will <br />assume the task of monitoring the property on an annual basis and helping to enforce the <br />development restrictions. Orange County may need to pay some transaction costs estimated <br />to be less than $1,000, which would be paid from the Lands Legacy Fund. <br />RECOMMENDATION: The Manager recommends that the Board authorize a) the <br />acceptance of the conservation easement assignment from the Triangle Land Conservancy, <br />b) the assignment of the conservation easement to the State of North Carolina, and c) the <br />Chair and Clerk to sign the conservation easement assignment documents. <br />