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4 <br />The Board also considered a draft Clean Water Management <br />Trust Fund Grant Agreement, a draft Temporary Conservation- <br />Easement and a draft Permanent Conservation Easement, all of <br />which are necessary to document the State's participation in the <br />purchase of the Property and. which will establish. a permanent <br />easement on the riparian buffer portion of the Property. <br />Thereupon, the Board of Commissioners determined to proceed <br />with the proposed financing .and to approve the financing <br />agreements. <br />Thereupon the Chair of the Board of Commissioners announced <br />that the public hearing was closed. <br />Thereupon, Commissioner introduced the <br />following resolution, a copy of which had been provided to each <br />Commissioner and which was read by title: <br />RESOLUTION APPROVING AGREEMENTS BETWEEN ORANGE COUNTY <br />AND DUKE UNIVERSITY AND BETWEEN ORANGE COUNTY AND THE <br />STATE OF NORTH CAROLINA CONCERNING THE INSTALLMENT <br />PURCHASE BY THE COUNTY OF A 62.65 ACRE PARCEL OF LAND <br />DESCRIBED HEREIN AND THE CREATION OF A CONSERVATION <br />EASEMENT ON THE RIPARIAN BUFFER AREAS OF THE PROPERTY <br />ALL AS SHOWN ON THE DOCUMENTS THAT ARE EXHIBITS TO <br />THIS RESOLUTION, APPROVING CERTAIN OTHER ACTIONS <br />RELATING THERETO AND AUTHORIZING CERTAIN ACTIONS IN <br />CONNECTION THEREWITH <br />WHEREAS, the County of Orange, North Carolina, a political <br />subdivision of the State of North Carolina (the "County"), has <br />previously approved the acquisition of the Property; and <br />WHEREAS, the County has' previously approved the application <br />for a Clean Water Management Trust Fund grant to help pay for <br />the acquisition of the Property, which grant has been approved <br />by the Clean Water Management Trust Fund under the terms and the <br />conditions generalJ.y of the Grant Agreement, Temporary <br />Conservation Easement and Permanent Conservation Easement, <br />drafts of which are exhibits to this resolution; and <br />WHEREAS, the County is authorized to finance the <br />acquisition of the Property by a contract or contracts that <br />create in the Property a security interest to secure repayment <br />of moneys made available for such purpose; and <br /> <br />