OTHER-2022-048-NCADFP Grant Contract

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❑ Present-Use Value (PUV) Conservation Easement Program Select one of the following . ❑ Perpetual Conservation Easement : • 75 % of the conservation easement value as determined by the Final Conservation Easement Value Payout formula in the PUV Conservation Easement Program Worksheet attached in this contract. ❑ 50 -Year Term Conservation Easement . • 60 % of the conservation easement value as determined by the Final Conservation Easement Value Payout formula in the PUV Conservation Easement Program Worksheet attached in this contract. 7 . The conservation easement closing payment request may be submitted in writing using the Easement Closing Check Request form by the Grantee 30 days before the set closing date , provided the following items have been achieved : a. All closing documents (conservation easement, HUD statement, title commitment, and subordination agreement if required) have been reviewed and approved by ADFPTF and NCDA& CS legal staff. b . The Grantee is in " Green " status based on the ADFP Trust Fund Grantee Eligibility Classification system . This status requires all progress/budget reports, monitoring reports , audit reports , and other reporting documents to be current with the Agency . c . The Grantee has followed the contractually-obligated work schedule as detailed in the grant contract. If Grantee fails to maintain the contractual agreement between NCDA&CS and the Grantee , NCDA& CS ADFPTF shall consider additional measures to ensure Grantee follows department policies and contract procedures . d . The proposed conservation easement closing date shall be no less than 30 days before the contract end date . This timeline eliminates the risk of losing grant funds due to the contract' s expiration . e . All involved parties , including ADFPTF , Grantee , landowners , and all funding partners with a financial interest in the conservation easement, will confirm the closing date . f. The closing check will be submitted to the closing attorney named in the grant contract, provided all required information provided by the Grantee is complete approved by ADFPTF and NCDA&CS legal staff. g . If a contract is at risk of not being completed, NCDA& CS may provide alternatives to reduce that risk, including revisions of the holdback provisions or the payment delivery options for services rendered by contractual arrangement. 8 . The Grantee shall also submit a final grant report . In the final report, the Grantee shall provide all budget/progress reports , the final request for payment, and an accounting of the final match claimed by the Grantee to fulfill the match requirement mandated under