Laserfiche WebLink
b. If you want to arrange for a closing with the DNR that is close proximity in time to your closing <br /> with the landowner from whom you are acquiring the property, please contact the acquisition <br /> program coordinator upon obtaining a signed option from the landowner. <br /> A copy of the DNR guidelines, forms, and list of appraiser reviewers can be found at the following <br /> location: http://�+wrAT.dnr.state.mn.Lis/lands_miiierals/appraisal—mgint.html . <br /> Section 2 —Reporting Requirements, Eligible costs, Conditions for Payment of Eligible Costs: <br /> 1. Re ortin Requirements and Deed Restrictions <br /> a. The grant recipient must comply with the project requirements and reporting requirements <br /> specified in Laws of 2011, 1st Special Session, Chapter 6, Article 1, Section 2, Subdivisions 9 <br /> (Project Requirements) and 14 (Real Property Interest Report); <br /> b. A legal description of the interest in real property covered by the funding agreement; <br /> c. A reference to the underlying funding agreement; and <br /> d. The following statement must be referenced in the deed: "This interest in real property shall be <br /> administered in accordance with.. the terms, conditions, and pur poses of the grant agreement <br /> contr°ollirig the acquisition of the property. The interest in.. real pr~operl�, or an.};portion of the <br /> interest in real prOpert}r, shall. not be sold, transferred,pledged, or otherwise disposed of or <br /> further encumbered Mthout obtaining the prior written approval of the Lessard-Sarais Outdoor <br /> Heritage Council or its suecessor. The 0141nership of the interest in real property shall transfer to <br /> the state if (1) the holder of the interest in. real properoi fails to comply with the terms and <br /> conditions of the grant agreenent or acconiplishment plan; or (2) restrictions are placed on the <br /> Land that preclude its use for the intended.purpose as specified in the appropriation." <br /> 2. Eligible Costs are the Following_ <br /> a. The value the grant recipient paid for the property up to 110% of the appraised value. <br /> b. Appraisals and Appraisal Reviews <br /> C. Surveys, <br /> d. Loan costs for holding the property, <br /> e. Property taxes paid by the grant recipient from the date of its acquisition, <br /> f. Attorney fees for the specific acquisition, <br /> g. Staff time spent on the specific acquisition, <br /> h. Abstracting and recording fees, and <br /> i. Penalty payments made for prepayment of a mortgage or loan. <br /> 3. Conditions for Pa rents of Eligible Costs <br /> The Recipient may use funds available raider this Agreement to cover any costs incurred in following <br /> the above land acquisition procedures and as otherwise set out in the Work Program attached as <br /> Exhibit A subject to the following conditions: <br /> a. The Recipient will not be entitled to use fiends available under this Agreement for any land value <br /> costs in excess of 110% of the appraised value. <br /> b. In those instances set out above where DNR review and approval of an appraisal, legal <br /> description, title work or environmental assessment is required; the recipient assumes the risk that <br /> its costs will not be covered under this agreement if the recipient purchases tine real property or <br /> interest in real property before receiving the required prior DNR certification or approval. <br /> c. Eligible costs incurred in the purchase of real property or an interest in real property must be <br /> documented by: <br /> Attaclunent E: 3 <br />