Title
Resolution to Approve the Purchase of Development Rights on the Rogers Revocable Trust Property in Lodi Township, Approve a Participation Agreement with Washtenaw County Parks and Recreation, and Appropriate Funds, Not to Exceed $378,367.00, 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 Rogers Revocable Trust Property in Lodi Township, Approve a Participation Agreement with Washtenaw County Parks and Recreation, and Appropriate Funds, Not to Exceed $378,367.00, from the Open Space and Parkland Preservation Millage Proceeds
On November 10, 2016 (R-16-430), City Council approved a grant application to the NRCS - Agriculture Conservation Easement Program (ACEP) for the Purchase of Development Rights (PDR) on the Janet Rogers Revocable Trust Farm in Lodi Township. Subsequently, on September 18, 2017, City Council approved the acceptance of grant funds in the amount of $190,120.00 towards the purchase of the development rights on the tract (R-17-344). These funds will be reimbursed to the City by NRCS-ACEP after the project closes. Washtenaw County Parks and Recreation approved the contribution of funds in the amount of $60,000.00, or 15.5% of the Fair Market Value, towards the purchase of the development rights on the tract. Lodi Township has also agreed to contribute $1,000.00 towards the purchase.
This decreases the City of Ann Arbor's share of the purchase price to $136,880.00, or 35% of the Fair Market Value.
Janet Rogers Revocable Trust Farm, Lodi Township
The farm is approximately 80 acres and is located along Textile Road in Lodi Township. The property is considered large enough to sustain agricultural production and is in a location that will encourage additional farmland and agricultural preservation activities. It is adjacent to two existing Greenbelt easements and would create a contiguous...
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