Title
Resolution to Approve Grant Application to the Federal Farm and Ranch Land Protection Program (FRPP) for the Purchase of Development Rights (PDR) on the Rose Ann Geiger Trust and Nancy Geiger Trust in Northfield Township (8 Votes Required)
Memorandum
Attached for your review and action is a resolution to approve the Federal Farm and Ranch Land Protection Program (FRPP) application for the purchase of development rights (PDR) for the Rose Ann Geiger Trust and Nancy Geiger Trust property located in Northfield Township.
Grant Application:
Applications to the Federal Farm and Ranch Land Protection Program are for funds up to 50% of the appraised fair market value of the development rights to a maximum of $5,000.00 per acre. Completed applications must be submitted by July 1, 2010. This is the second grant application round for FRPP this year. An additional $2.1 million has been awarded to the Farm and Ranch Land Protection Program in Michigan through the federally funded Great Lakes Restoration Initiative. It is anticipated that a request for approvals of grants, if awarded, will be presented to City Council in July, 2010. If FRPP matching grant funds are awarded, the PDR acquisitions must be completed within 18 months.
The Greenbelt Advisory Commission recommended submission of the grant application at its May 12, 2010 meeting.
The attached resolution also approves Voluntary Agreement for the Sale of Agricultural Land Development Rights for the farm.
The Voluntary Agreement for the sale of the development rights (pending offer) is contingent on the following:
a. Establishment of a fair market price for the development rights to be determined by an appraisal.
b. Conveyance of good and marketable title to the development rights by Farmland Development Rights Easement.
c. Acceptable environmental site assessment of property.
d. Acceptance of the Farmland Development Rights Easement by Ann Arbor City Council and the Farm and Ranch Lands Protection Progr...
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