Title
Resolution to Approve the Purchase of Development Rights on the Daniel E. and Amy Hornback Farm in Salem Township; Appropriate Funds, Not to Exceed $199,367.00 from the Open Space and Parkland Preservation Millage Proceeds and Approve Participation Agreement with Salem Township and Washtenaw County Parks and Recreation Commission (8 Votes Required)
Memorandum
Attached for your review and action is a resolution to approve the purchase of development rights on the farm owned by Daniel E. and Amy Hornback in Salem Township. The landowner has agreed to make a 10% donation toward the purchase price. The total city contribution will not exceed $199,367 from the Open Space and Parkland Preservation Millage Proceeds.
The Resolution also approves a Participation Agreement with Salem Township and Washtenaw County Parks and Recreation Commission. Each party is contributing 20% toward the acquisition.
Hornback Farm, Salem Township
The farm is approximately 73 acres and is located along Pontiac Trail and Brookville Road. A portion of the property is currently in agricultural production. The remainder of the property contains high quality woodlands and Fleming Creek. The deed to the property is held by Daniel E. and Amy Hornback. An application to participate in the Program was received from the deed holder earlier in 2012 and Mr. and Mrs. Hornback have confirmed their interest in participating in the program. The property is in close proximity to other properties already protected by the
Greenbelt and other applications received by the
Greenbelt Program and other local land preservation programs.
Purchase Agreement:
An appraisal was completed for the development rights on the property in March 2012, and the fair market value was determined to be $321,000 for approximately 73 acres. The landowners have agreed to make a donation of 10% of the fair market value, or $32,100.00.
The attached resolution approves the Purchase Agreement for the Sale of Agricultural...
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