Hillview to grow by 300-plus acres
HINTON — Hillview Park located on County Road C-60 outside of Hinton will soon grow in size thanks to a recent sale of land between Virgil Newberg, Jr. and the Plymouth County Conservation Board and the Plymouth County Board of Supervisors.
At Tuesday’s meeting, the board of supervisors approved an agreement that would see the addition of 306 acres of land to Hillview Park.
The acquisition involves 160 acres in the southwest quarter of Section 5, Township 90 North, Range 46 West of the 5th P.M. and 146.01 acres located in the east half of Section 6, Township 90 North, Range 46 West of the 5th P.M.
According to the purchase agreement, the county has agreed to purchase the property from Newberg for a price tag of $1,263,034 plus $4,000 in incidental costs.
The agreement further lays out the terms of payment including:
• At the time of execution of the agreement, $5,000 earnest money will be paid by the buyer to the seller.
• On or before July 9, 2018, the closing date, buyer will pay an additional $253,034 toward the purchase price for a total of $258,034 as the down payment.
• At closing buyer will pay an additional $2,000 to seller for a portion of the closing cost.
• At closing buyer will pay an additional $2,000 to seller for reimbursement of residual fertilizer and application costs from 2018.
• On or before July 10 of 2019, 2020, 2021, 2022, 2023, buyer will pay an additional $200,000 each year.
• Buyer may prepay any or all scheduled installments on or after July 10, 2019.
Plymouth County Conservation is expected to expend a total of $262,034 for the purchase, with $169,970 from their Land Acquisition Fund and $97,995 from the REAP Fund.
Plans also involve the conservation board applying for a larger REAP grant in 2018. While legislative allocation is unknown at this time, it is anticipated the grant asking will be no less than $400,000. If not awarded, requests will be made in subsequent years.
The conservation board will also commit their annual REAP allocation toward the annual payments which are estimated to be $25,000 to $30,000 per year.
In addition, the agreement states they will pursue other grant and funding possibilities that are consistent with the intended future uses of the property.
The Plymouth County Board of Supervisors will appropriate necessary funding to the Plymouth County Conservation budget annually to meet the commitment under the purchase agreement.