ACE Easements Summary                                                                                                                                                                                                                                     

(First Seven Rounds)

 

Rounds

Applicants

Applicants

Eligible

Enrolled

Closed

Time to Close*

ACE Appropriation

 

 

Easement Value (before grants, income adjustments)

-Grants

-Donations

-Income Adjustment

Easement Acquisition Cost (what we paid)

Closing Costs

(appraisals,

 title insurance etc.)

Acres Protected

Development Rights Purchased

Net Cost/Acre (easement acquisition)

Round 1 (FY 00-01)

 

11

 8

 4

 4

18-19 months

$1,136,200

$1,430,000

$   250,000

$              0

$     43,800

$1,136,200

$ 14,975

1,045 acres

  88

$1,102/ac

Round 2 (FY 01-02)

 8

 8

 5

 5

24-25 months

$1,000,000

$   730,000

$              0

$              0

$     36,300

$   693,700

 

 

$  20,170

1,157 acres

  24

$   617/ac

Round 3 (FY 02-03)

 8

 8

 5

 5

18-24 months

$1,000,000

$   717,000

$              0

$     22,500

$     21,300

$   673,200

 

 

$  15,798

   911 acres

  62

$   756/ac

Round 4 (FY 03-04)

 8

 7

 2

 2

26-31** months

$   822,500

$   611,000

$     85,433

$              0

$              0

$   525,567

 

 

$  23,390

   647acres

  34

$   848/ac

Round 5 (FY 04-05)

10

 9

 6

 6

29-31 months

$1,000,000

$2,349,000

$              0

$              0

$   488,371

$1,860,629

 

 

$  27,272

1,110 acres

  66

$1,701/ac

Round 6 (FY 05-06)

 

 7

 6

 5

 4***

17-20 months

$1,000,000

$1,103,500

$              0

$              0

$   155,190

$   948,310

 

 

$  16,614

   462 acres

  34

$2,089/ac

Round 7 (FY 06-07)

 9

 9

 7

 2****

15-16

months

$1,387,543

$2,559,640

$   965,000****

$              0

$   114,056

$1,480,584

 

 

$  18,500****

   558 acres

  26

$2,687/ac

Totals****

61

55

34

26

 

$7,346,243

$9,500,140

$2,181,950       (23%)

$7,318,190

$136,719

5,890 acres

 334

$1,266/ac****

 

Notes:           * ”Time to Close” is the amount of between the application deadline and actual deed recordation.

            ** Round 4 was delayed when the appraisals were rejected; they had to be appraised again by a different appraiser.

*** Since the Hook easement was donated, it was transferred from ACE to PRFA since ACE cannot hold donated easements.  The above numbers are final.

**** Anticipated numbers if the two highest ranked properties are closed on (thru Round 7).

 

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