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Board approves agricultural conservation easement on 137.675-acre Edwards farm via 20-year IPA
Summary
The Carroll County Board of Commissioners approved final exercise of an installment purchase agreement (IPA) to buy a conservation easement on 137.675 acres owned by Alice Edwards in District 1. The IPA sets the countypurchase principal at 40% of the fair market value, with projected county cost of $783,463.79 over 20 years.
The Carroll County Board of Commissioners voted Oct. 30 to exercise an option and sign a resolution to purchase an agricultural conservation easement on the 137.675-acre Alice Edwards property at 4701 Arters Mill Road in Westminster (District 1).
Staff said Edwards selected the countyIPA (installment purchase agreement) option, which uses tax-exempt bonds and 20 annual interest payments to finance a conservation easement at a discounted principal. Staff summarized the appraisal…
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