Item:
Title
Approve the Final Budget for the Alston Glenn Farm Conservation Easement and Approve Capital Project Amendment No. 20CPA000010 Decreasing the Open Space & Farmland Preservation Capital Project 4730DC083 by $114,350 and Budget Amendment No. 20BCC000029 transferring $114,350 to the General Fund to Support the Purchase of the Glenn Farm Conservation Easement
Body
Date of BOCC Meeting: November 12, 2019
Request for Board Action:
Agenda Text
The Board is requested to approve the final budget for the Alston Glenn Conservation Easement and approve Capital Project Amendment No.20CPA000010 decreasing the Open Space & Farmland Preservation Capital Project $114,350 and Budget Amendment No.20BCC000029 transferring $114,350 to the General Fund to support the purchase of the Alston Glenn Farm conservation easement. The property consists of 53.7 acres located in northern Durham County on the west side of Hampton Road and east and adjacent to NCSU's Hill Forest, shown on Attachments 1 and 2. The Glenn farm was originally purchased by Mr. Glenn's grandparents Mary and Lucius Glenn in 1905, and has been recognized by the State of North Carolina as a century farm (Mr. Glenn's cousin Douglas Daye has received the plaque on behalf of the Glenn farm). Mr. Glenn currently manages his farm for hay and pasture for beef cattle.
The federal Agricultural Lands Easement Program (ALE) grant awarded to the farm will pay for 50 percent of the federally approved appraisal value of the easement rights. The appraisal approved by the federal program has to meet federal standards, and the approved value for the easement was $223,100. The federal grant pays for $111,550 of the land cost of the easement; the remaining 50 percent is provided by Durham County plus associated closing costs. No new county funding is needed since the $114,350 for the county's share of the acquisition and closing costs was previously set aside from open space capital project funds for this proj...
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