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Are Preservation Funds Available? Yes! A Multi-source Funding Approach Could Utilize…. TEA-21 Enhancement Funds to acquire an easement or to build and maintain greenway trails;TEA-21 Enhancement Funds to acquire an easement or to build and maintain greenway trails; Historic Preservation State Tax Credit Program to provide owner with significant tax benefits for investment in preserving and restoring the farmhouse;Historic Preservation State Tax Credit Program to provide owner with significant tax benefits for investment in preserving and restoring the farmhouse;

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY Multi-source Preservation Funding (cont’d)…. Land and Water Conservation Funds to finance a picnic area at a trailhead;Land and Water Conservation Funds to finance a picnic area at a trailhead; North American Wetlands Conservation Act to acquire and restore wetlands;North American Wetlands Conservation Act to acquire and restore wetlands; Clean Water Management Trust Fund to acquire stream buffers.Clean Water Management Trust Fund to acquire stream buffers.

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY A few things to remember... Each grant program has different eligibility and application requirements.Each grant program has different eligibility and application requirements. Some grant funds are allocated to the states and dispersed through in-state agencies while others are available directly to municipalitiesSome grant funds are allocated to the states and dispersed through in-state agencies while others are available directly to municipalities Most grants require local matching fundsMost grants require local matching funds

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY Grant amounts will vary depending on the characteristics of the land, the future use desired, and fund distribution requirements.Grant amounts will vary depending on the characteristics of the land, the future use desired, and fund distribution requirements. Some grants assume public access and have specific project completion standards (park facilities, trails, museum operations, etc.)Some grants assume public access and have specific project completion standards (park facilities, trails, museum operations, etc.) …about grants in general

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY The Preservation Toolbox in the Open Space Plan lists several multi-source funding opportunities…..

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY Federal Grant Programs Land and Water Conservation FundLand and Water Conservation Fund Transportation Equity Act for the 21st CenturyTransportation Equity Act for the 21st Century North American Wetlands Conservation ActNorth American Wetlands Conservation Act Conservation Reserve ProgramConservation Reserve Program Partners for Fish and WildlifePartners for Fish and Wildlife Wetlands Reserve ProgramWetlands Reserve Program Wildlife Habitat Incentives ProgramWildlife Habitat Incentives Program Environmental Quality Incentives ProgramEnvironmental Quality Incentives Program

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY State Grant, Cost-Share, and Incentive Programs Clean Water Management Trust FundClean Water Management Trust Fund Parks and Recreation Trust FundParks and Recreation Trust Fund Farmland Preservation Trust FundFarmland Preservation Trust Fund Agricultural Cost-Share ProgramAgricultural Cost-Share Program Conservation Reserve Enhancement ProgramConservation Reserve Enhancement Program Forest Development ProgramForest Development Program Forestry Incentives ProgramForestry Incentives Program Forestry Stewardship ProgramForestry Stewardship Program

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY State Income Tax Credit Programs Conservation Tax Credit ProgramConservation Tax Credit Program Historic Preservation Tax Credit ProgramHistoric Preservation Tax Credit Program

________________________________________________________________________________________________________________________________________________________ TOWN Of CARY A multi-source funding approach will: Extend Town of Cary funds for maximum preservation opportunities Instill public confidence in the most efficient use of funds Foster State and regional cooperation in resource preservation