anchor Description
This project provides funds for purchasing agricultural and conservation easements under the County Agricultural Land Preservation legislation, effective November for local participation in Maryland's Agricultural and Conservation programs and through Executive Regulation AM, adopted July The County Agricultural Easement Program (AEP) enables the County to purchase preservation easements on farmland in the agricultural zones and in other zones approved by the County Council to preserve farmland not entirely protected by Transferable Development Rights (TDR) easements or State agricultural land preservation easements. The Maryland Agricultural Land Preservation Foundation (MALPF) enables the State to jointly purchase preservation easements on farmland by the County and State. The Rural Legacy Program (RLP) enables the State to purchase conservation easements to preserve large contiguous tracts of agricultural land. The sale of development rights easements is proffered voluntarily by the farmland owner. The project receives funding from the Agricultural Transfer Tax, levied when farmland is sold and removed from agricultural status. Montgomery County is a State-Certified County under the provisions of State legislation, which enables the County to retain percent of the taxes for local use. The County uses a portion of its share of the tax to provide matching funds for State easements. In the Building Lot Termination (BLT) program was initiated. This program represents an enhanced farmland preservation program tool to protect further land where development rights have been retained in the Agricultural Reserve (AR) zone. This program utilizes various revenue sources, including Agricultural Transfer Tax revenues, Contributions, Developer Payments, Investment Income, and State Aid.
anchor Justification
Annotated Code of Maryland Agriculture Article to Maryland Agricultural Land Preservation Foundation; Annotated Code of Maryland Tax-Property Article to Agricultural Land Transfer Tax; and Montgomery County Code, Chapter Agricultural Land Preservation; and Executive Regulation AM.
anchorOther
estimated planning, design, and supervision expenditures to be which includes funding for a FTE (Full-Time Equivalent) Business Development Specialist. Appropriations are based upon a projection of Montgomery County's portion of the total amount of Agricultural Transfer Tax, Investment Income, Contributions, and Developer Payments. The Agricultural Transfer Taxes are deposited into an investment income fund, and the interest is used to fund direct administrative expenses, the purchase of easements, and other agricultural initiatives carried out by the Office of Agriculture. The program permits the County to take title to the TDRs. These TDRs are an asset that the County may sell in the future, generating revenues for the Agricultural Land Preservation Fund. The County can use unexpended appropriations for this project to pay its share percent) of the cost of easements purchased by the State. Since the County has received State RLP grant funds to purchase easements for the State through the County. The State allows County reimbursement of three percent for direct administrative costs such as appraisals, title searches, surveys, and legal fees. Easement acquisition opportunities will be considered case-by-case while alternative funding sources are identified.
anchorFiscal Note
Land costs are for the purchasing of easements. An supplemental appropriation was approved to recognize the availability of additional Agricultural Transfer Tax revenue and an Rural Legacy State grant The Office of Agriculture was able to settle easements from the Rural Legacy State grant received in of which has been spent. An supplemental was approved to recognize contributions from Maryland-National Capital Park and Planning Commission for the acquisition of a farm encumbered by a County Agricultural Preservation easement as well as a Rural Legacy Program grant (State Aid) for the amount of The Council added in general fund current revenue in to support agricultural easement purchases. An supplemental appropriation was approved to recognize the availability of additional Agricultural Transfer Tax revenue and a Rural Legacy Program grant (State Aid) for the amount of An supplemental appropriation for Agricultural Transfer Taxes was approved.
anchorDisclosures
Expenditures will continue indefinitely.
The County Executive asserts that this project conforms to the requirement of relevant local plans, as required by the Maryland Economic Growth, Resource Protection and Planning Act.
anchorCoordination
Montgomery County Office of Agriculture, State of Maryland Agricultural Land Preservation Foundation, State of Maryland Department of Natural Resources, Maryland-National Capital Park and Planning Commission, and Landowners