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Hill Farm Easement ❑ ADFPTF-USAF Template Easement ❑ ADFPTF-MCIEAST Template Easement ❑ ADFPTF-Army Template Easement ❑ ADFPTF Perpetual Template Easement ❑ ADFPTF Tenn Template Easement ❑ Exception, including the creation of no more than three lots pursuant to N.C.G.S. 106-744(b)(1). (Copy of the revised conservation easement language must be attached hereto as an amendment to the NCDA&CS ADFPTF contract at time of approval) The Agency legal counsel and Farmland Preservation Director must approve additions, omissions, or modifications of said template. The final "Conservation Easement' must meet with Agency approval to remain eligible for funding. 4. The Grantee shall provide the Agency with the appropriate reimbursement request (downloadable at www.ncadfo.ore) and required documentation of performance and expenditures for associated grant reimbursement. The Agency shall make payments to the Grantee on the following guidance: a. No more than $25,000 if the grant award is $31,250 or greater and up to 80% of the grant if the grant award is less than $31,250 prior to the recording of the "Conservation Easement." b. All payment requests must have documented purpose of use of grant funds and be within the approved amounts designated in the contract grant budget. c At the time of a properly recorded "Conservation Easement," the Agency shall pay to the Grantee no more than 80% of the awarded grant amount. d. The Agency shall decrease the contract award amount based on current conservation easement appraisal, if applicable. e. The Grantee shall ensure that 59.26 acres are placed under an agricultural casement with no more than a 5% variance in recorded easement acreage without prior written approval of the Agency. f. The division of the funds used to purchase the agricultural easement from matching resources and Agency resources must be maintained as noted in the grant contract budget. The Grantee may request the Agency for an exception to the division of funds if the Agency is the only entity providing easement funding. g. The Agency easement purchase shall not exceed 50% of the easement value. If the Agency is the only grantor of funds used to secure the conservation easement recording, the Grantee may request in writing with sound reasoning for the Agency payment to exceed 50% of the easement purchase value. h. At no time shall the total payment of grant funding exceed the grant contract value. i. All grantee payments most have receipts of expenditures to verify use of funding per contracted purposes. Rev. 7/18 F-7 Page 135