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21 <br />Page 2 of 2 <br />commit to purchase the property by July 31, 2001. The <br />purchase price for the entire property would be $1,014,000. <br />In all, the CWMTF tentatively approved more than $6.5 <br />million for the acquisition and preservation of land to <br />improve water quality across the state. The 10 newly- <br />approved acquisition projects are located all across the <br />state, and will result in the preservation of approximately <br />7,000 acres, and buffer approximately 45 miles of rivers, <br />creeks, estuaries and lakes. <br />The CWMTF was established in 1996 to assist in financing <br />projects to protect or restore water quality in the rivers, <br />creeks, lakes and estuaries of North Carolina. To date, <br />CWMTF has approved 195 grants for a total of <br />approximately $176 million. <br /># ## <br />