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AG 2014 09 15
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AG 2014 09 15
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Last modified
10/21/2014 3:05:30 PM
Creation date
11/27/2017 10:50:44 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/15/2014
Board
Board of Commissioners
Meeting Type
Regular
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Award Identifying Number: <br />NEST Agreement Number: <br />determined using an appraisal performed by a certified general appraiser in accordance with the Uniform <br />Standards of Professional Appraisal Practice (USPAP) or Uniform Appraisal Standards for Federal Land <br />Acquisitions (UASFLA) and NRCS appraisal standards and specifications provided as exhibit 4 to this <br />agreement. <br />VI. COOPERATING ENTITY'S CONTRIBUTION <br />A. The ENTITY shall contribute an amount at least equivalent to Federal Contribution. The <br />ENTITY may include as part of its contribution a charitable donation or qualified conservation <br />contribution (as defined by section 170(h) of the Internal Revenue Code of 1986) from the private <br />landowner if the eligible entity contributes its own cash resources in an amount that is at least 50 percent <br />of the amount contributed by NRCS, unless the NRCS State Conservationist has waived a portion of the <br />ENTITY cash contribution requirement for projects of special significance. The ENTITY, or its <br />designated escrow agent must disburse 100 percent of the payment, representing the easement purchase <br />price, to the landowner at the time of closing. A copy of the NRCS approval letter for each Parcel listed <br />on Attachment A that has received an ENTITY cash contribution waiver requests must be included with <br />Attachment A to this agreement and submitted with the payment request for that Parcel. <br />B. Before NRCS accepts the Agricultural Land Easement and issues a payment, the ENTITY <br />must self - certify on the NRCS Form 230, Confirmation of Matching Funds (Exhibit 2), that the <br />ENTITY's share of matching funds has not come from additional donations, payments, loans or fees <br />made by or charged to the Grantor of the Agricultural Land Easement, immediate family members, or <br />organizations controlled by or funded by the Grantor of the Agricultural Land Easement, either through <br />formal or informal agreements. <br />C. The ENTITY's share of the cost of purchasing the Agricultural Land Easement must be a <br />contribution of the ENTITY's own cash resources. As part of its share of the cost of purchasing the <br />Agricultural Land Easement, the ENTITY shall not contribute land from another Parcel or in -kind <br />contributions, including related administrative and closings costs (e.g., surveys, appraisals, legal <br />expenditures). <br />VII. PAYMENTS <br />A. The ENTITY shall notify the United. States at least 30 days in advance when the CCC funds <br />are to be paid to the ENTITY under this agreement. CCC funds shall be paid to the ENTITY when the <br />United States is provided a copy of the recorded Agricultural Land Easement and the ENTITY has paid <br />the landowner(s). <br />B. Where the ENTITY cannot obtain 100 percent of the funds to be paid to the landowner(s) at <br />the closing of an Agricultural Land Easement on a Parcel and requires the United States to make its <br />payment at closing rather than on a reimbursable basis, the ENTITY may request from the United States <br />an advance of the Federal Contribution to a Parcel. When an advance is requested, the ENTITY shall <br />notify NRCS at least 60 days prior to closing and provide NRCS with items identified in paragraph F <br />below. <br />C. If the request for an advance is approved by the United States, the United States may make an <br />advance payment of the Federal Contribution to an authorized closing agent via electronic transfer to hold <br />in escrow. The ENTITY will obtain a receipt for the funds from the closing agent and provide it to the <br />United States prior to closing. The ENTITY will ensure the closing agent does not hold the funds in <br />escrow for more than 30 calendar days. If closing does not occur within 30 days of advance payment the <br />ENTITY will ensure funds are returned to the United States. If interest is earned on CCC funds while in <br />escrow, the ENTITY will ensure the closing agent returns any interest earned to the United States. <br />NRCS Representative Initial <br />Recipient Representative Initial <br />11 <br />F -7 <br />Attachment number 1 <br />Page 159 <br />
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