Title
Approve the Acquisition of the Weyerhaeuser Properties for the County’s Open Space Program
Recommended Action
That the Board of Commissioners:
1. Appropriates $583,856 of NCDOT 540 Settlement Funding for as a contribution to Triangle Land Conservancy’s (TLC) purchase (“Acquisition”) of the Weyerhaeuser properties contribution to the Acquisition; and
2. Authorizes the County Manager to execute a Funding Agreement in an amount not to exceed $3,099,280 with TLC, subject to final survey and terms and conditions acceptable to the County Attorney; and
3. Authorizes the Chair of the Board of Commissioners to execute a Conservation Easement to be held by Wake County encumbering the properties acquired by TLC.