Title
Resolution to Approve Participation Agreement with Ann Arbor Township and Washtenaw County Parks and Recreation for the Purchase of the Development Rights on the Stiles-Kaldjian Property in Ann Arbor Township, and Appropriate Funds, not to Exceed $242,500.00, 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 Ann Arbor Township and Washtenaw County Parks and Recreation for the Purchase of the Development rights on the 112.479-acre Property owned by Cynthia Stiles and Eric Kaldjian in Ann Arbor Township. The landowners applied to the Ann Arbor Township Farmland and Open Space Land Protection Program and the Township has been the lead agency in the negotiations with the landowners.
Ann Arbor Township commissioned an appraisal with an effective date of June 27, 2017, which determined the Fair Market Value of the development rights of the property to be $730,000.00. The resolution also approves an appropriation of funds for 33.2% of the purchase price, not to exceed $242,500.00, from the Open Space and Parkland Preservation Millage Proceeds.
Stiles - Kaldjian Property, Ann Arbor Township
The property is approximately 112.479 acres and is located in Sections 10 and 11 of Ann Arbor Township with legal access from Warren Road. It is owned by Cynthia Stiles and Eric Kaldjian. The property scored in the top 25% of applications received by the Greenbelt Program in the scoring system developed and approved by the Greenbelt Advisory Commission. The property is primarily wooded with approximately 39 acres of wetlands, contains a branch of Fleming Creek, and is located within the Huron River watershed. It is located within a half mile of two conservation easements and one park owned by the City of Ann Arbor that were purchased with funds from the Open Space and Parkland Preservation Millage. The Greenbelt Advisory Commissio...
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