Title
Resolution to Approve the Purchase of Development Rights on the Carol B. Schumacher Trust Farm in Lodi Township; Appropriate Funds in the Amount of $381,715.00 and Approve a Participation Agreement with Washtenaw County Parks and Recreation (8 Votes Required)
Memorandum
Attached for your review and action is a resolution to approve a purchase agreement for the purchase of development rights on the Carol B. Schumacher Trust farm in Lodi Township.
On February 19, 2013 (R-13-0128), City Council approved a grant application to the NRCS - Farm and Ranchland Protection Program for the Purchase of Development Rights (PDR) on the Schumacher farm in Lodi Township. Subsequently, City Council approved the acceptance of grant funds (R-13-0906) in the amount of $151,410.00 towards the purchase of the development rights on the farm. Funds were re-allocated from the Drake farm, also awarded FRPP funds, to the Schumacher farm, resulting in a total FRPP allocation of $178,360 for the Schumacher farm.
Carol B. Schumacher, Lodi Township
The farm is approximately 91 acres and is located along Pleasant Lake Road and in Lodi Township. The deed to the property is held by Carol B. Schumacher Revocable Living Trust. An application to participate in the Program was received from the deed holder in October 2011.
This farm is considered large enough to sustain agricultural production and is in a location that will encourage additional farmland preservation activities. The property is in close proximity to other Greenbelt projects completed in 2009 and 2011. The property contains a mix of agriculture land and quality natural areas.
Purchase Agreement:
An appraisal was completed for the development rights on the property in July 2014.
The attached resolution approves the Purchase Agreement for the Agricultural Land Development Rights on the farm. The Purchase and the development rights is contingent on the following:
A. Approval of the appraisal by FRPP an...
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