Annapolis (February 23, 2006) - County Executive Janet S. Owens and the Anne Arundel County Department of Recreation and Parks will host a public meeting to present different agricultural and woodland preservation options on Thursday, March 2, 2006. The meeting will be held at 7:00 p.m. at the London Town Public House Visitor’s Center in Edgewater, Maryland.
The agenda will include information on three programs that offer financial incentives tailored to specific needs and situations. One example is Anne Arundel County’s Agricultural and Woodland Preservation Program that provides the option of a cash purchase or a 25-year Installment Purchase Agreement (IPA). Since 1999, eighteen landowners have taken advantage of the IPA program that has provided a steady, tax-free income and deferral of capital gains tax for the term of the IPA. Applications are accepted throughout the year with an upcoming review cycle of April 1. Information on the County program, including details on the IPA payments, will be presented by Daniel P. O’Connell, financial advisor to the County.
Guest speakers from the Maryland Agricultural Land Preservation Foundation (MALPF) and the Department of Natural Resources’ Rural Legacy program have also been invited to present their respective program opportunities and share the great news about significant funding increases for FY 2007.
“Preservation of our rural heritage has remained a top priority for me,” said County Executive Janet S. Owens this week. “This year, I have requested $4.5 million in funding for agricultural preservation in Anne Arundel County. In addition to learning more about the IPA program, this meeting is a great opportunity to talk to State officials about the increase in funding in their respective programs and preservation opportunities available at that level.”
Since 1979, more than 11,500 acres of farmland have been preserved through these programs, 54% having been permanently protected in the past 7 years under the Owens’ Administration.
Anyone who is unable to attend but would like information about the preservation programs may contact Ms. Debbie Vaughan, Agricultural Planner, at (410) 222-7317 to learn more about these options. Information is also available on the County’s web site under Recreation and Parks, Agricultural Program.