3 Del. Admin. Code § 701-14.0
Current through Register Vol. 28, No. 5, November 1, 2024
Section 701-14.0 - Schedule for Acquisition of Agricultural Lands Preservation Easements14.1 Application and funding cycles will take place on schedules established by the Foundation.14.2 Applications for the purchase of Preservation Easements in Rounds of Purchases shall be subject to deadlines established by the Foundation.14.3 For each Round of Preservation Easement Purchases the Foundation shall arrange for the appraisal of the Preservation Easement value of those properties under consideration.14.4 Upon completion, the appraisals shall be provided to the landowners, and procedures set forth herein involving offers for the sale of preservation easements under Option Agreements shall be initiated.14.5 Offers received shall be held confidential until all offers are received after which the Foundation shall review the offers and announce the selections.14.6 Following the selection of properties for acquisition of Preservation Easements, the Foundation shall arrange for surveys of the properties to be conducted, and proceed to settlement under the terms of the Option Agreements, subject to the availability of funding and satisfaction of regulatory, financial or other restrictions or limitations.14.7 The Foundation is under no obligation to purchase a Preservation Easement which is offered for sale. [3 Del.C. § 913.]3 Del. Admin. Code § 701-14.0
19 DE Reg. 482 (12/1/2015) (Final)