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File #: 120611    Version: 1 Name: Funding Agreement to Fund Acquisition of Nolan Ranch Conservation Easement and Endowment Agreement to Fund Compliance Monitoring of the Conservation Easement
Type: Resolution Status: Passed
Introduced: 6/12/2012 In control: Board of Supervisors
On agenda: Final action: 7/24/2012
Enactment date: 7/24/2012 Enactment #: 274-12
Title: Resolution: 1) authorizing, pursuant to Charter Section 9.118(b)(i), a Funding Agreement with The Nature Conservancy and Santa Clara County under which the City would contribute one third of the funds, up to $900,000, for Santa Clara County to acquire the Nolan Ranch and create a conservation easement of which the City would be a third-party beneficiary, and (ii) an Endowment Agreement under which the City would provide a permanent endowment of $125,000 to fund The Nature Conservancy’s monitoring of compliance with the conservation easement; and 2) authorizing the General Manager of the Public Utilities Commission to execute documents, make certain modifications, and take certain actions in furtherance of this Resolution.
Attachments: 1. Legislation_Ver1, 2. Comm_Packet_071112, 3. Budget_Analyst_071112, 4. Board_Packet_071712, 5. Legislation_Final
Legislation Details
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