The intent of this chapter is to establish a
Farmland Preservation and Open Space Assistance Trust to encourage
retention of farmland and open space by placing into each annual budget
an amount equal to $0.01 on the tax rate. This Trust Fund shall be
used to encourage landowners to apply for the State and County Farmland
Preservation Program and help them gain additional qualification points
by allowing them to agree to a lower per acre price (called a bid
down) than that established by the State Program Approved Appraiser.
Payment shall be limited to those landowners accepted into the State
and County Program for Permanent Farmland Preservation. This Trust
Fund will also be used to acquire open space in the Township of Elk.