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3. Through this transaction Cabarrus County will acquire approximately 42 acres of floodplain <br />and 6 acres of uplands (land outside of the flood plain) and a permanent access easement to <br />the property. <br />4. Anticipated funding applied toward this purchase are estimated below: <br />Total parcel cost: $282,000 <br />Bargain sale reduction from the current property owner (50%): 141 000 <br />Agreed purchase price (Provided by CWMTF & Carolina Thread Trail): $141,000 <br />Estimated closing expenses (To be provided by Cabarrus County): $10,000 <br />5. The closing date for this transaction has not been established, however, most Clean Water <br />Management Trust Fund transactions take between 9-12 months to completely process. <br />6. If you have any questions feel free to contact me at 704-376-2556 ext. 216. <br />2 <br />Attachment number 2 <br />F-9 Page 131 <br />