Title
Resolution to Approve the Purchase of Development Rights on the Seeley Farm LLC Property in Ann Arbor Township, Approve a Participation Agreement with Washtenaw County Parks and Recreation, and Appropriate Funds, Not to Exceed $143,367.00, from the Open Space and Parkland Preservation Millage Proceeds (8 Votes Required)
Memorandum
Attached for your review and action is a Resolution To Approve the Purchase of Development Rights on the Seeley Farm LLC Property, located in Ann Arbor Township, Approve a Participation Agreement with Washtenaw County Parks and Recreation, and Appropriate Funds, Not to Exceed $143,367.00, from the Open Space and Parkland Preservation Millage Proceeds.
Seeley Farm LLC, Ann Arbor Township
The property is approximately 30 acres, of which approximately 27.5 acres will be included in the purchase of development rights, and is located along Warren Road in Ann Arbor Township. The deed to the property is held by Seeley Farm, LLC. The property is in active agriculture, and has been certified USDA Organic since 2013 and supplies local food markets and restaurants in Ann Arbor. A branch of Traver Creek runs through the property. The property has approximately 11 tillable acres and 16 acres of woodland, and scored in the top 25% of all Greenbelt applications in the scoring system developed by the Greenbelt Advisory Commission to prioritize acquisitions. Protection of the property is a priority for the Greenbelt due to the quality of the farmland and natural areas on the property, its proximity to other protected properties, and the possibility to leverage funds from the County. The property also meets the priorities for both the Greenbelt and Washtenaw County Parks and Recreation.
Purchase Agreement:
An appraisal was completed for the development rights on the property in March 2017 and revised in July 2017. The Fair Market Value of the development rights was determined to be $182,000. The attached resolution approves the Purchase A...
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