Title
Resolution to Approve Participation Agreement with Washtenaw County Parks and Recreation for the Purchase of the Development Rights on the Donald H. Drake Trust Property in Lodi Township, and Appropriate Funds, Not to Exceed $174,997.00, from the Open Space and Parkland Preservation Millage Proceeds (8 Votes Required)
Memorandum
Attached for your review and action is a Resolution to approve a Participation Agreement with Washtenaw County Parks and Recreation for the Purchase of the Development rights on the approximately 72-acre Property owned by the Donald H. Drake Trust, located in Lodi Township, and to appropriate Funds, not to exceed $174,997.00, from the Open Space and Parkland Preservation Millage Proceeds.
On January 4, 2016 (R-16-005), City Council approved a grant application to the NRCS - Agriculture Conservation Easement Program (ACEP) for the Purchase of Development Rights (PDR) on the Donald H. Drake Trust Farm in Lodi Township. Subsequently, on September 6, 2016, City Council approved the acceptance of grant funds in the amount of $141,120.00 towards the purchase of the development rights on the tract (R-16-346).
On May 1, 2017 City Council approved the purchase of the development rights on the Donald H. Drake Trust property (R-17-148) and Appropriate Funds, Not to Exceed $263,247.00, from the Open Space and Parkland Preservation Millage Proceeds. Subsequently, Washtenaw County Parks and Recreation approved the contribution of funds in the amount of $88,250.00, or 25% of the Fair Market Value, towards the purchase of the development rights on the tract.
Drake Farm, Lodi Township
The farm is approximately 78 acres and is located along the north side of Waters Road in Lodi Township. The property is in active agriculture and is considered large enough to sustain agricultural production. It is in a location that will encourage additional farmland preservation and agricultural preservation activities. A portion of the farm, south of Water...
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