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A. The grant agreement to the land conservation organization shall contain among <br /> other things provisions in substantially the following form: <br /> 1. "Title to the subject property acquired by grantee with funds wholly or partially <br /> provided under chapter 3.88, Maui County Code, shall be held in perpetuity by grantee <br /> unless conveyed to the County of Maui or another qualified land conservation <br /> organization or agency approved by the county council.' ; <br /> 2. "The grantee shall submit to the mayor or the mayor's designee annual reports for <br /> the first three years documenting progress toward implementation of the long-term <br /> management plan and compliance with terms and conditions of this grant. Each report <br /> shall be incorporated into the director of Finance's next quarterly report to the council. <br /> Subsequent annual reports will be provided to the County as specified in the perpetual <br /> conservation easement.' ; <br /> 3. "In the event that the grantee dissolves, title to the subject property shall be <br /> conveyed to the County of Maui or to another qualified land conservation organization <br /> or agency approved by the county council."; <br /> 4. "Pursuant to section 3.88.070(B) Maui County Code, the grantee shall convey to the <br /> County of Maui at closing a perpetual conservation easement.' ; <br /> 5. "The subject property shall not be sold, exchanged, divested, or converted to other <br /> uses that are inconsistent with the purposes as set forth in the conservation easement <br /> without the prior approval of the county council by resolution."; and <br /> 6. "The grantee shall not mortgage, hypothecate, or pledge the subject property or any <br /> portion thereof without the prior approval of the county council by resolution.". <br /> B. Subject to council approval pursuant to chapter 3.44 of this code, as amended, the <br /> land conservation organization shall convey to the County at closing a perpetual <br /> conservation easement. The easement shall contain, among other things, restrictive <br /> covenants in substantially the following farm: <br /> 1. "This property has been acquired by (insert grantee's name here) with funds from the <br /> Maui County open space, natural resources, cultural resources, and scenic views <br /> preservation fund. Upon dissolution of (insert grantee's name here), title to this <br /> property shall be conveyed to the County of Maui or to another qualified land <br /> conservation organization or agency approved by the Maui county council."; <br /> 2. "The general public shall be allowed reasonable access to this property, provided <br /> that access may be limited or controlled for cultural and environmental resource <br /> protection and public safety."; and <br /> 3. "This property shall be managed for land conservation purposes only and shall not <br /> be converted to other uses except as approved by the Maui county council at such time <br /> as the potential conversions may be contemplated.". 3.88.070 <br /> C. The escrow company used to complete the closing of the subject property shall <br /> provide the mayor or the mayor's designee with copies of the closing documents, <br /> including a copy of the recorded deed, within sixty days of recordation of the deed. The <br /> escrow company shall be instructed that the conservation easement shall be recorded <br /> <br /> before, or at the time of, closing. (Ord. 3155 § 2 (part), 2004) <br /> <br />