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HomeMy WebLinkAbout20090858 Ver 3_Conservation Easements_20140218STATE OF NORTH CAROLINA COUNTY OF ORANGE ASSIGNMENT AND ASSUMPTION OF CONSERVATION EASEMENT AND RELATED DOCUMENTS ENVIRONMENTAL BANC AND EXCHANGE, LLC, a Maryland limited liability company (the "Assignor'), having an address of 10055 Red Run Blvd., Suite 130, Owings Mills, MD 21117, hereby sells, transfers, assigns, and conveys to NORTH CAROLINA WILDLIFE HABITAT FOUNDATION, a North Carolina 501C3 organization (the "Assignee "), having an address of PO Box 29187, Greensboro N.C. 27429, without recourse or warranty, express or implied, all of Assignor's right, title, and interest in and to the easements (whether one or more, herein so called) identified in Exhibit A, attached hereto and made a part hereof, including any amendments, supplements and restatements thereof (collectively, the "Easement Documents "). Assignee hereby agrees to such assignment and assumes all of Assignor's right, title, and interest in and to the Easement Documents. Assignee acknowledges and agrees that the Easement Documents require Assignee to continue in perpetuity the conservation purposes described in the Easement Documents. [Remainder of Page Intentionally Left Blank] IN WITNESS WHEREOF, this Assignment is executed by Assignor and Assignee effective as of the Zq day of X�_ , 2013. ENVIRONMENT a Marvlanl IM-Nd STATE OF bPA&Wtm-e COUNTY OF SS& BANC AND EXCHANGE, LLC, ifbility company I, the undersigned, a Notary Public of the County and State aforesaid, certify that the following person(s) personally appeared before me this day, and I have personal knowledge of the identity of the principal(s) ❑ I have seen satisfactory evidence of the principal's identity, by a current state or federal identification with the principal's photograph in the form of a ❑ A credible witness has sworn to the identity of the principal(s); acknowledging to me that he or she voluntarily signed the foregoing document for the purpose stated therein and in the capacity indicated: [insert name of principal]. Date: 7-2-- -2 b l I> Public (print name) (official seal) My commission expires: THOMAS A. ROTH Notary Public State of Delaware My Commission Expires on May 28, 2014 NORTH CAROLINA WILDLIFE HABITAT FOUNDATION a North Carolina 501(C)3 Organization 5 BY: 2AOL I Name: Inl & WIC V ,, Title: GZS L c�,r STATE OF COUNTY OF ur� I, the undersigned, a Notary Public of the County and State aforesaid, certify that the following person(s) personally appeared before me this day, and Er I have personal knowledge of the identity of the principal(s) ❑ I have seen satisfactory evidence of the principal's identity, by a current state or federal identification with the principal's photograph in the form of a El A credible witness has sworn to the identity of the principal(s); acknowledging to me that he or she voluntarily signed the f r going document for the purpose stated therein and in the capacity indicated:_, rl Stay 10.v� S [insert name of principal]. Date: - /3 Public (official seal) KELLY F. PERRYMAN Notary Public, North Carolina Davidson County My C1ommission Ex ires ---� - -1 --- h F rnQn, Notary (print name) My commission expires: Exhibit A Conservation Easement dated January P, 2013 by and between Virginia I. Ferguson (unmarried) and Elizabeth M. Ivey (unmarried), husband and wife and Environmental Banc and Exchange, LLC, a Maryland limited liability company, recorded on January 10, 2013 at Book RB5522, Page 317, Orange County Registry. Prepared by and return fo: EBX, LLC 909 Capability Dr., Suite 3100 Raleigh, NC 27606 NORTH CAROLINA ORANGE COUNTY 20130110000007030 WINS Bk:RB5522 Pg:317 01/10/2013 10:11:08 PM 1110 FILED Deborah S. Brooks Resister of Deeds, Orange Co,NC Resorting Fee: $26.00 / f�J+l NC Real Estate TX: $.00 60 9x15 ? - 03- 4631 P/o q7.5,?- 33- r78 36a Plo ggsjr- 61-ao5sA6 AMENDED AND RESTATED PERMANENT CONSERVATION EASEMENT THIS CONSERVATION EASEMENT ( "Conservation Easement ") made this 3rd day of January, 2013 by and between Virginia I. Ferguson (unmarried) and Elizabeth M Ivey_ (unmarried), ( "Grantor ") and Environmental Banc and Exchange LLC (Address of Grantee: 10055 Red Run Blvd, Ste 130 Owings Mills MD 21117) ( "Grantee "). The designation Grantor and Grantee as used herein shall include said parties, their heirs, successors and assigns, and shall include singular, plural, masculine, feminine or neuter as required by context. RECITALS WHEREAS, Grantor owns in fee simple certain real property situated, lying and being in Orange County, North Carolina, more particularly described in Exhibit A attached hereto and incorporated herein ("Property); WHEREAS, Grantor and Grantee recognize the conservation, scenic, natural, or aesthetic value of the property in its natural state, which includes the following natural communities: riparian buffer areas adjacent to streams and drainage -ways. The purpose of this Conservation Easement is to maintain wetland and/or riparian resources and other natural values of the Property, and prevent the use or development of the Property for any purpose or in any manner that would conflict with the maintenance of the Property in its natural condition. NOW, THEREFORE, for and in consideration of the covenants and representations contained herein and for other good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, Grantor hereby unconditionally and irrevocably grants and conveys unto Grantee, its heirs, successors and assigns, forever R85822 318 2110 and in perpetuity a Conservation Easement of the nature and character and to the extent hereinafter set forth, over the Property described on Exhibit A, together with the right to preserve and protect the conservation values thereof, as follows: ARTICLE I. DURATION OF EASEMENT This Conservation Easement shall be perpetual. This conservation Easement is an easement in gross, runs with the land and is enforceable by Grantee against Grantor, Grantor's personal representatives, heirs, successors and assigns, lessees, agents and licensees. ARTICLE II. PROHIBITED AND RESTRICTED ACTIVITIES Any activity on, or use of, the Property inconsistent with the purpose of this Conservation Easement is prohibited. The Property shall be preserved in its natural condition and restricted from any development that would impair or interfere with the conservation values of the Property. Without Iimiting the generality of the foregoing, the following activities and uses are expressly prohibited, restricted or reserved as indicated hereunder: A. Disturbance of Natural Features. Any change disturbance, alteration or impairment of the natural features of the Property or any introduction of non -native plants and/or animal species is prohibited. B. Construction. There shall be no construction or placing of any building, mobile home, asphalt or concrete pavement, billboard or other advertising display, antenna, utility pole, tower, conduit, line, pier, landing, dock or any other temporary or permanent structure or facility on or above the Property. C. Industrial. Commercial and Residential Use. Industrial, residential and /or commercial activities, including any right of passage for such purposes are prohibited. D. Agricultural. Grazing and Horticultural Use. Agricultural, grazing, animal husbandry, and horticultural use of the Property are prohibited. E. Ve etation. There shall be no removal, burning, destruction, harming, cutting or mowing of trees, shrubs, or other vegetation on the Property. F. Roads and Trails. There shall be no construction of roads, trails or walkways on the property; nor enlargement or modification to existing roads, trails or walkways. G. SiQnaee. No signs shall be permitted on or over the Property, except the posting of no trespassing signs, signs identifying the conservation values of the Property, signs RB5622 319 3110 giving directions or proscribing rules and regulation for the use of the Property and/or signs identifying the Grantor as owner of the property. H. Dumping or Storage. Dumping or storage of soil, trash, ashes, garbage, waste, abandoned vehicles, appliances, machinery or hazardous substances, or toxic or hazardous waste, or any placement of underground or aboveground storage tanks or other materials on the Property is prohibited. I. Excavation. Dredeing or Mineral Use. There shall be no grading, filling, excavation, dredging, mining or drilling; no removal of topsoil, sand, gravel, rock, peat, minerals or other materials, and no change in the topography of the land in any manner on the Property, except to restore natural topography or drainage patterns, J. Water Quality and Drainage Pattern. There shall be no diking, drainage, dredging, channeling, filling, leveling, pumping, impounding or related activities, or altering or tampering with water control structures or devices, or disruption or alteration of the restored, enhanced, or created drainage patterns. In addition, diverting or causing or permitting the diversion of surface or underground water into, within or out of the easement area by any means, removal of wetlands, polluting or discharging into waters, springs, seeps, or wetlands, or use of pesticide or biocides is prohibited. K. Development Rights. No development rights that have been encumbered or extinguished by this Conservation Easement shall be transferred pursuant to a transferable development rights scheme or cluster development arrangement or otherwise. L. Vehicles. The operation of mechanized vehicles, including, but not limited to, motorcycles, dirt bikes, all- terrain vehicles, cars and trucks is prohibited. M. Other Prohibitions. Any other use of, or activity on, the Property which is or may become inconsistent with the purposes of this grant, the preservation of the Property substantially in its natural condition, or the protection of its environmental systems, is prohibited. ARTICLE III GRANTOR'S RESERVERED RIGHTS The Grantor expressly reserves for herself, her personal representatives, heirs, successors or assigns, the right to continue the use of the property for all purposes not inconsistent with this Conservation Easement, including, but not limited to, the right to quiet enjoyment of the Property, the rights of ingress and egress, the right to hunt, fish, and hike on the Property, the right to sell, transfer, gift or otherwise convey the Property, in whole or in part, provided such sale, transfer or gift conveyance is subject to the terms of, and shall specifically reference, this Conservation Easement. RB5522 320 4/10 Notwithstanding the foregoing Restrictions, Grantor reserves for Grantee, its successors and assigns, the right to construct a nutrient offset mitigation bank on the Property, in accordance with the "Agreement to Establish the Cape Fear Riparian Buffer and Nutrient Mitigation Umbrella Banking Instrument HUC 030300" and the Ivey - Ferguson Bank Parcel -Bank Parcel Development Package" both submitted August, 2009. ARTICLE IV GRANTEE'S RIGHTS The Grantee or its authorized representatives, successors and assigns, and the North Carolina Division of Water Quality (the "DWQ ") shall have the right to enter the Property at all reasonable times for the purpose of inspecting said property to determine if the Grantor, or his personal representatives, heirs, successors, or assigns, is complying with the terms, conditions, restrictions, and purposes of this Conservation Easement. The Grantee shall also have the right to enter and go upon the Property for Purposes of making scientific or educational observations and studies, and taking samples. The easement rights granted herein do not include public access rights. ARTICLE V ENFORCEMENT AND REMEDIES A. To accomplish the purposes of this Easement, Grantee is allowed to prevent any activity on or use of the property that is inconsistent with the purposes of this Easement and to require the restoration of such areas or features of the Property that may be damaged by such activity or use. Upon any breach of the terms of this Conservation Easement by Grantor that comes to the attention of the Grantee, the Grantee shall notify the Grantor in writing of such breach. The Grantor shall have 30 days after receipt of such notice to correct the conditions constituting such breach. If the breach remains uncured after 30 days, the Grantee may enforce this Conservation Easement by appropriate legal proceedings including damages, injunctive and other relief. Notwithstanding the foregoing, the Grantee reserves the immediate right, without notice, to obtain a temporary restraining order, injunctive or other appropriate relief if the breach of the tern of this Conservation Easement is or would irreversibly or otherwise materially impair the benefits to be derived from this Conservation Easement. The Grantor and Grantee acknowledge that under such circumstances damage to the Grantee would be irreparable and remedies at law will be inadequate. The rights and remedies of the Grantee provided hereunder shall be in addition to, and not in lieu of, all other rights and remedies available to Grantee in connection with this Conservation Easement. The costs of a breach, correction or restoration, including the Grantee's expenses, court costs, and attorneys' fees, shall be paid by Grantor, provided Grantor is determined to be responsible for the breach. The Corps shall have the same right to enforce the terms and conditions of this easement as the Grantee. The DWQ shall have the same right to enforce the terms and conditions of this easement as the Grantee. 101111010 RB5522 321 5/10 B. No failure on the part of the Grantee to enforce any covenant or provision hereof shall discharge or invalidate such covenant or any other covenant, condition, or provision hereof or affect the right to Grantee to enforce the same in the event of a subsequent breach or default. C. Nothing contained in this Conservation Easement shall be construed to entitle Grantee to bring any action against Grantor for any injury or change in the Property resulting from causes beyond the Grantor's control, including, without limitation, fire, flood, storm, war, acts of God or third parties, except Grantor's lessees or invitees; or from any prudent action taken in good faith by Grantor under emergency conditions to prevent, abate, or mitigate significant injury to life, damage to property or harm to the Property resulting from such causes. ARTICLE VI MISCELLANEOUS A. Warranty. Grantor warrants, covenants and represents that it owns Property in fee simple, and that Grantor either owns all interests in the Property which may be impaired by the granting of this Conservation Easement or that there are no outstanding mortgage, tax liens, encumbrances, or other interests in the Property which have not been expressly subordinated to this Conservation Easement. Grantor further warrants that Grantee shall have the use of and enjoy all the benefits derived from and arising out of this Conservation Easement, and that Grantor will warrant and defend title to the Property against the claims of all persons. B. Subsequent Transfers. The Grantor agrees to incorporate the terms of this Conservation Easement in any deed or other legal instrument that transfers any interest in all or a portion of the Property. The Grantor agrees to provide written notice of such transfer at least thirty (30) days prior to the date of the transfer. The Grantor and Grantee agree that the terms of this Conservation Easement shall survive any merger of the fee and easement interests in the Property or any portion thereof and shall not be amended, modified or terminated without the prior written consent and approval of the Corps. C. Assignment. The parties recognize and agree that the benefits of this Conservation Easement are in gross and assignable provide, however that the Grantee hereby covenants and agrees, that in the event it transfers or assigns this Conservation Easement, the organization receiving the interest will be a qualified holder under N.C. Gen. Stat, § 121- 34 et seq. and § 170(h) of the Internal Revenue Code, and the Grantee further covenants and agrees that the terms of the transfer or assignment will be such that the transferee or assignee will be required to continue in perpetuity the conservation purposes described in this document. D. Entire Agreement and Severability. This instrument sets forth the entire agreement of the parties with respect to the Conservation Easement and supersedes all prior discussions, negotiations, understandings or agreements relating to the Conservation R85522 322 6/10 Easement. If any provision is found to be void or unenforceable by a court of competent jurisdiction, the remainder shall continue in full force and effect. E. Obligations of Ownership. Grantor is responsible for any real estate taxes, assessments, fees, or charges levied upon Property. Grantor shall keep the Property free of any liens or other encumbrances for obligations incurred by Grantor. Grantee shall not be responsible for any costs or liability of any kind related to the ownership, operation, insurance, upkeep, or maintenance of the Property, except as expressly provided herein. Northing herein shall relieve the Grantor of the obligation to comply with federal, state or local laws, regulations and permits that may apply to the exercise of the Reserved Rights. F. Extinguishment. In the event that changed conditions render impossible the continued use of the Property for the conservation purposes, this Conservation Easement may only be extinguisher, in whole or in part, by judicial proceeding. G. Eminent Domain. Whenever all or part of the Property is taken in the exercise of eminent domain so as to substantially abrogate the Restrictions imposed by this Conservation Easement, Grantor and Grantee shall join in appropriate actions at the time of such taking to recover the full value of the taking, and all incidental and direct damages due to the taking. H. Proceeds. This Conservation Easement constitutes a real property interest immediately vested in Grantee. In the event that all or a portion of this Property is sold, exchanged, or involuntarily converted following an extinguishment or the exercise of eminent domain, Grantee shall be entitled to the fair market value of this Conservation Easement. The parties stipulate that the fair market value of this Conservation Easement shall be determined by multiplying the fair market value of the Property unencumbered by this Conservation Easement (minus any increase in value after the date of this grant attributable to improvements) by the ratio of the value of this easement at the time of this grant to the value of the Property (without deduction for the value of this Conservation Easement) at the time of this grant. The values at the time of this grant shall be the values used, or which would have been used, to calculate a deduction for federal income tax purposes, pursuant to Section 170(h) of the Internal Revenue Code (whether eligible or ineligible for such a deduction). Grantee shall use its share of the proceeds in a matter consistent with the purposes of this Conservation Easement. I. Notification. Any notice, request for approval, or other communication required under this Conservation Easement shall be sent by registered or certified mail, postage prepaid, to the following address (or such address as may be hereafter specified by notice pursuant to this paragraph): Grantor: Virginia I. Ferguson 1616 Carl Durham Road Chapel Hill, NC 27516 Grantee: Environmental Banc and Exchange, LLC 10055 Red Run Blvd, Ste 130 Owings Mills, MD 21117 IIRB552I2 323 17/12 VIII IIII�IIlllll�llll J. Failure of Grantee. If at any time Grantee is unable or fails to enforce this Conservation Easement, or if Grantee ceases to be a qualified grantee, and if within a reasonable period of time after the occurrence of one of these events Grantee fails to make an assignment pursuant to this Conservation Easement, then the Grantee's interest shall become vested in another qualified grantee in accordance with an appropriate proceeding in a court of competent jurisdiction. K. Amendment. This Conservation Easement may be amended, but only in writing signed by all parties hereto, and provided such amendment does not affect the qualification of this Conservation Easement or the status of the Grantee under any applicable laws, and is consistent with the conservation purposes of this grant. TO HAVE AND TO HOLD the said rights and easement perpetually unto Grantee for the aforesaid purposes. IN TESTIMONY WHEREOF, the Grantor has hereunto set his hand and seal, the day and year first above written. a�- xy k!z- (SEAL) E izabeth M. Ivey (SEAL) VirginiCl. Ferguson State of North Carolina County of {-i 0sric,-w-<-CC. I, CQ ',GYVi n , a Notary Public of the County and State aforesaid do hereby certify that Virginia I. Ferguson personally appeared before me this day and acknowledged the due execution of the foregoing instrument for the purposes therein expressed. Witness my hand and notarial seal this 3 day of 1 201-5 Notary Public My Comm. expires: \`\o� °�P� \B (SEAL) 0 IQ RY 2 Z State of North Carolina = B� \c a County of (�(w^�Q % 9'�. Pu a Notary PublicV /fi$ 'State aforesaid do hereby certify that Elizabeth M. Ivey personally appeai'E04✓ ;$o`*eme this day and RB5522 324 8/10 acknowledged the due execution of the foregoing instrument for the purposes therein expressed. Witness my hand and notarial seal this 3 day of ChnLA 2011 Notary blic My comm. expires: Oq ........ (SEAL) S y NOTARY Z r y PUBLIC �/G CF C O01 � ��._ IIRB5522 3215 911 UlllllllllIllllllllllllIII TRACT Being all of Conservation Easement 1 containing 273,427 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT II Being all of Conservation Easement 2 containing 138,922 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT III Being all of ConservatiowBuffer Restoration Area 3 Easement containing 2,730 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT IV Being all of Conservation Easement 4 containing 71,344 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT V Being all of Conservation/Buffer Restoration Area 5 Easement containing 31,600 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT VI Being all of Conservation/Buffer Restoration Area 6 Easement containing 19,251 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc, dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. RB05522 5522IU1� 326 1061011�������������������������� R/10 TRACT VII Being all of Conservation/Buffer Restoration Area 7 Easement containing 35,922 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry. TRACT VIII Being all of Conservation/Buffer Restoration Area 9 Easement containing 24,784 square feet as shown on plat and survey thereof entitled " Conservation Easement Elizabeth M. Ivey and Virginia I. Ferguson Property" by The John R. McAdams Company, Inc. dated 3/17/11 and recorded in Plat Book 109, pages 180 -183, Orange County Registry.