01 M.R.S. § 001-405-7 - ALLOCATION OF RESPONSIBILITIES AND COSTS

1. DACF will develop and publicize a process for soliciting and evaluating offers by eligible farms to sell eligible property to DACF.

2. DACF will be responsible for due diligence (i.e., ordering and paying for one appraisal per property, as well as title searches, boundary surveys, and environmental site assessments, as needed).

3. DACF will coordinate with Maine DEP's Voluntary Response Action Program (VRAP) to characterize each property and draft a restrictive covenant to be recorded in the registry of deeds in the county where the real estate is located.

4. DACF will pay the agreed upon purchase price, due diligence costs, VRAP fees if applicable, and recording fees.

5. Sellers will pay to cure any title defects, liens on the property, and taxes. A seller who wants a second appraisal may order one from an appraiser approved by DACF at the seller's expense.

6. Once DACF holds title to the real estate, DACF may pay an in lieu of tax (PILOT) fee to the municipality.

Notes

01 M.R.S. § 001-405-7