Agenda - 10-03-2005-10a - Laserfiche WebLink

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Proposed Joint "New Hope Preserve" Project ` 3 April 7, 2005 In the spirit of the award- winning Little River Regional Park and Natural Area, Orange County has agreed to participate in a proposed joint "New Hope Preserve" project to protect and augment the New Hope Creek corridor, working with Durham County and Triangle Land Conservancy (partners in the Little River Park project), the Town of Chapel Hill, the City of Durham and citizens in the New Hope area. The New Hope Preserve Orange County has agreed to contribute approximately $225,000 toward a "New Hope Preserve" of several properties, among which are: ➢ a 4.3 -acre tract of land owned by Duke in both Durham and Orange counties (11 acres in Orange County) known informally in recent months as the proposed Erwin Trace project, ➢ an 8 -acre parcel owned by Duke located across Pickett Road (adjacent to the Erwin Trace property) and identified as a key part of the New Hope Corridor Master Plan and known informally as the Hollow Rock Access; and ➢ 25 acres of land owned by Wade and Carolyn Penny currently under option to TLC, working in conjunction with TLC and the Pennys to protect this land which borders New Hope Creek and has long been identified as a key property for the New Hope corridor plan. Orange County is pleased to accept $50,000 from the Triangle Land Conservancy and $25,000 from the Town of Chapel Hill to combine with our $125,000 to contribute $200,000 to convey to Durham County. These activities, taken together, will create a 76 -acre bloc of contiguous land that will provide for preservation of open space and low- impact recreation opportunities in the future New Hope Preserve - that includes land along the New Hope Creek corridor and lands nearby that augment the vision for this area that was stated 13 years ago in the New Hope Master Plan. ➢ Contained within this 76 -acre open space preserve would be 44 acres of open space land within Orange County, at a cost of around $4,500 per net acre. Management of Facilities In regards to the management of any facilities that may be constructed on the 11 acres of the Erwin Trace property, Orange County agrees to assume responsibility for the construction, operation and maintenance of any future trails — consistent with an interlocal agreement and a master plan for the property that would be created and adopted by the parties at some point in the future.