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fully tillable acreage, nor for the period of time early agreed to. The Houlton's real estate agent has been <br /> informed of the grant opportunity and the potential change in terms should the Council consent to <br /> continue with the purchase through the Outdoor Heritage Fund grant. <br /> One other item the Council will need to include in their consideration is that the CPL Grant would <br /> require demolition or removal of most of the buildings on the property,which would not be funded <br /> through the grant funds. <br /> Financial Impact <br /> The property acquisition would be covered by the grant proceeds and some of the restoration costs <br /> would be funded through another grant already held by the Friends of the Mississippi. <br /> The Council will need to commit funding to continuing property restoration,maintenance and <br /> operations, as well as building demolition/removal. <br /> The Houlton's may request relief for all or a portion of the deferred property tax assessment. <br /> Attachments <br /> • The Trust for Public Land Literature <br /> • Legacy News Article <br /> N:\Public Bodies\Agenda Packets\07-21-2014\Final\Laserfiche\x9.1 sr Houlton Farm Opportunity.docx <br />