Goals for Today s Session. Understand Best Practices for sound real estate transactions. Learn tips & tricks to implement

Size: px
Start display at page:

Download "Goals for Today s Session. Understand Best Practices for sound real estate transactions. Learn tips & tricks to implement"

Transcription

1 Anatomy of A Real Estate Transaction Texas Land Conservation Conference March 1, 2017

2 Goals for Today s Session Understand Best Practices for sound real estate transactions Learn tips & tricks to implement

3 Real Estate 101 Fee Simple Conservation Easements

4 Section 170(h) A qualified conservation contribution is defined as a contribution of a qualified real property interest, to a qualified organization, exclusively for conservation purposes. IRC 170(h)(1)

5 Acquisition Techniques & Instruments Purchase vs. Donation vs. Bargain Sale Contract vs. Option

6 Preparation Elevator Speech Project Intake Form Model Easement & Information Model Contract/P&S Agreement Model Donation Agreement Stewardship Speech Engagement Letter No Legal Advice Tax Code Reference Who covers fees?

7 Ring! Ring!

8 They Call You Mission Fit? Conservation Values? Fee Simple or Conservation Easement? Donation, Purchase or Bargain Sale? Timing? Value?

9 You Call Them Try to make warm calls Consider donation? Working with a realtor? Can t pay more than FMV Quick Closing Minimal Contingencies Letter of Intent

10 Mailings Generate Leads Ways to Warm Up Cold Visits Newsletters Corporate Landowners Events Community Groups Advisor/CLE trainings Social Capital/Resources (watch for COIs!) Board? Partners? Volunteers? Advisors/Consultants? Neighbors?

11 Preparation

12 Project Selection Criteria Standard 8 Defined Selection Process Meets Federal & State Requirements conservation values public benefits Site Inspection Evaluate Best Tool & Potential Partners Acquisition = Stewardship Obligation Risk vs. Reward Partnership Documentation

13 Project Selection Criteria Consistent with the Fund s mission A priority for one of our public agency partners Provide public benefits including but not limited to: i. Outdoor recreation or educational use by the general public ii. Protection of relatively natural habitat for fish, wildlife, plants or similar ecosystem iii. Historically important land or certified historic structure iv. Open space preserved for scenic enjoyment v. Open space protected pursuant to a clearly delineated government policy Financially viable Within the organizational and financial capacity of the Fund to perform any stewardship responsibilities Completed in accordance with the directives of any donor contributing land or funding to the project

14 Project Selection Criteria The Conservation Acquisition Committee also considers the overall feasibility of the project. One or more of the following factors may preclude the Fund s involvement even though the property may otherwise meet the project selection criteria. The property cannot be acquired by the Fund with reasonable effort in relation to the property s conservation value. Ethical, public image or conflict of interest problems exist in association with the project. The property is irreparably contaminated or the cost of cleanup is too high. The project does not satisfy applicable state or federal law. The likelihood of disposition is low. The long term management or stewardship of the property will be unusually difficult or expensive or beyond the capacity of the ultimate owner. Adjacent land uses may significantly diminish the conservation purposes of the project.

15 Preparation

16 Preparation

17 Preparation

18 Doing a Deal

19

20 Contract Negotiation Points 1. Purchase Price 1. Earnest Money 2. Due Diligence Period 3. Coverage of Costs 4. Closing Date

21

22 Ensuring Sound Transactions Standard 9 Legal Review & Advice Hazardous Materials Due Diligence Property Boundaries Documentation Recordkeeping Title Work Valuation Selling Land or CEs Transfers or Exchanges

23 Hazardous Materials Why? Protect Against Legal and Financial Liability How? Phase I Environmental Site Assessment Qualified Consultant No Recognized Environmental Conditions Cost? ~$2,000 Issues to look for: RECs found Phase II ESA?

24

25 Property Boundaries Why? Legal description, defense and boundary marking How? Survey to create metes & bounds Cost? ~$0.70/measured foot Issues to watch for: Property line overlaps & legal descriptions that don t close

26

27

28 Title Work Why? Identify Issues & Legal Defense Tool How? Order Title Insurance Receive binder with exceptions to title Cost? ~$2/$1000 of value Issues to watch for: Outstanding Mortgages

29

30

31 Valuation Why? Determine Fair Market Value Protect 501(c)(3) status Required for deductible donations How? Appraisal Report Qualified & Knowledgeable Appraiser Cost? ~$2,000-5,000 Issues to watch for: Optimistic & Aggressive Opinions of Value; Timing

32

33

34 Stewardship Specific Items Final Version of Conservation Easement Baseline Documentation (for easements) Land Management Plan (for fee simple) Stewardship Funding

35 Baseline Document

36

37 Project Budget Due diligence Financing/Lobbying Costs(?) Stewardship/Management Overhead Staff Time State and Local Filing Fees

38 If Purchase Individuals Foundations Corporations Timber Revenue State Source Federal Source

39 Project Funding Alternatives Plan A State Park Capital Fund Fundraising Plan B State Park Capital Fund Air Force Buffer Program Fundraising Plan C Air Force Buffer Program Lots of fundraising

40 Partner/Funding Data Points Get a letter of commitment or intent How high is the priority? Reimbursement of Costs? Lobbying? Due Diligence Requirements Yellow Book Appraisal? Timing

41 Gordy Marsh Expenses Project Budget for Land Acquisition Gordy Marsh Item Amount Fair Market Value $ 828,500 Purchase Price $ 828,500 Bargain Sale (if applicable) $ n/a Amount Loan Requested $ 200,000 Due Diligence $ 45,000 Legal Costs and Closing $ 5,000 (Attorney fees, recording fees, mortgage taxes) Project Management $ 12,000 Estimated Loan Interest $ 6,000 Property Taxes $ 0 Total: $ 896,500

42 Gordy Marsh Funding Funding Sources NAWCA $ 375,000 Charitable Foundations $ 260,000 Private Contributions $ 13,000 PGCLC (Due Diligence) $ 20,000 Landowner (Due Diligence) $ 20,000 TCF Loan $ 200,000 GBF Operating Funds $8,500 Total: $ 896,500

43 What does Bridge Financing Mean? Bridge Financing or Interim Finance: Temporary or short-term financing to a borrower who is waiting for more permanent funding and usually is reasonably assured of that funding in the next months or few years.

44 Why look for Bridge Financing? Extend the use the limited resources ($, time, people) Growing internal expertise Improving the reputation of the land trust as vetted by a lender Making a more compelling case for fundraising Making a savvy finance move as capital is priced at historic lows

45 Celebrate & Share The Story Press Releases, Pitches & Events Social Media Newsletters Volunteer Appreciation Elected Official Recognition?

46 Conservation Easement Stewardship Standard 11 Stewardship Funding Baseline Documentation Report Easement Monitoring Landowner Relationships Easement Enforcement Reserved Rights Backup Holder Amendments Condemnation Extinguishment

47 Fee Simple (Land) Stewardship Standard 12 Stewardship Funding Management Plan Monitoring Outreach Backup Plans Nonpermanent Holdings Condemnation

48 The Case for Stewardship Legally required to uphold and defend our easements. Legal standing in court may be weakened if Trusts have not had an ongoing record of stewardship on a property in dispute. IRS requires that the eligible donee... have the resources to enforce the restrictions of the easements.

49 Questions?

50 Reggie Hall Director, Land Conservation Loans The Conservation Fund Arlington, VA Contact Info

Crosswalk Comparison: 2004 to 2017

Crosswalk Comparison: 2004 to 2017 Crosswalk Comparison: 2004 to 2017 Wondering what happened to a practice (or part of a practice) from the 2004 version of Land Trust Standards and Practices in the revised Standards? See the crosswalk

More information

Central Pennsylvania Conservancy Project Selection Criteria Form

Central Pennsylvania Conservancy Project Selection Criteria Form Central Pennsylvania Conservancy Project Selection Criteria Form The following criteria guide the actions of the Central Pennsylvania Conservancy s Land Protection Committee and Board of Directors in selecting

More information

Canadian Land Trust - Standards and Practices

Canadian Land Trust - Standards and Practices Canadian Land Trust - Crosswalk Comparison: 2005 to Standard 1: Ethics, Mission and Community Engagement 1A Mission 1B Planning and 1B Mission, Planning and Evaluation Reworded: Practices 1A and 1B combined.

More information

Conservation Easement Stewardship

Conservation Easement Stewardship Conservation Easements are effective tools to preserve significant natural, historical or cultural resources. Conservation Easement Stewardship Level of Service Standards March 2013 The mission of the

More information

APPENDIX B. Fee Simple v. Conservation Easement Acquisitions NTCOG Water Quality Greenprint - Training Workshops

APPENDIX B. Fee Simple v. Conservation Easement Acquisitions NTCOG Water Quality Greenprint - Training Workshops APPENDIX B Fee Simple v. Conservation Easement Acquisitions NTCOG Water Quality Greenprint - Training Workshops Lake Arlington Watershed and Lewisville Lake East Watershed June 21, 2011 Presenter Talking

More information

Conservation Easement Stewardship

Conservation Easement Stewardship Conservation Easement Stewardship Anne Murphy Minnesota Land Trust February 24, 2011 Overview for Today 1. Introduction 2. Stewardship Obligations and Costs 3. Voluntary Easement Compliance 4. Cost Analysis

More information

Private Land Conservation: Conservation Easements. Matt Singer Land Stewardship Manager

Private Land Conservation: Conservation Easements. Matt Singer Land Stewardship Manager Private Land Conservation: Conservation Easements Matt Singer Land Stewardship Manager Galveston Bay Foundation Mission: To preserve, protect, and enhance the natural resources of the Galveston Bay estuarine

More information

Land Preservation Policy. The Conservation Foundation

Land Preservation Policy. The Conservation Foundation Land Preservation Policy The Conservation Foundation Adopted January 25, 2006 Revised February 27, 2013 Revised May 27, 2015 Revised September 30, 2015 Revised September 27, 2017 1 (This page intentionally

More information

Presented on behalf of The Morris Land Trust September 11, 2009 By Melissa Spear Connecticut Conservation Practitioners, LLC

Presented on behalf of The Morris Land Trust September 11, 2009 By Melissa Spear Connecticut Conservation Practitioners, LLC Presented on behalf of The Morris Land Trust September 11, 2009 By Melissa Spear Connecticut Conservation Practitioners, LLC Total Land Area 3,275,760 Acres CLEAR Data 2006 clear.uconn.edu CLEAR 2006 (clear.uconn.edu)

More information

CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS

CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS CCALT Founder and Steamboat rancher, Jay Fetcher notes, You shouldn t even be considering a conservation easement unless two things have happened: (1)

More information

Tools for Conservation: Land Trusts & Easements

Tools for Conservation: Land Trusts & Easements Tools for Conservation: Land Trusts & s CSS 235 Dr. Ed Krumpe 2 4 Basic Ways to Protect Land Acquisition the only permanent solution? Regulation Protect sensitive areas Control development patterns Address

More information

CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS

CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS CONSERVATION EASEMENTS FREQUENTLY ASKED QUESTIONS CCALT Founder and Steamboat rancher, Jay Fetcher notes, You shouldn t even be considering a conservation easement unless two things have happened: (1)

More information

Land Trust Standards & Practices:

Land Trust Standards & Practices: Land Trust Standards & Practices: A PLAY BOOK FOR YOUR STEWARDSHIP PROGRAM October 12, 2017 All images courtesy of accredited Scenic Hudson (NY). Background: Conserved farmland at Old Mudd Creek Farm in

More information

Planning with Conservation Easements

Planning with Conservation Easements Planning with Conservation Easements Succession, Tax & Estate Planning Issues & Ideas for Legacy Land October 23, 2015 Intergenerational Planning for Legacy Land Begin with the end in mind. Your goals

More information

Remains eligible for state or federal farm programs. Can use land as collateral for loans. Can reserve home lots for children

Remains eligible for state or federal farm programs. Can use land as collateral for loans. Can reserve home lots for children December 2002 B-1132 Conservation Easements: An Introductory Review for Wyoming By Allison Perrigo and Jon Iversen, William D. Ruckelshaus Institute of Environment and Natural Resources William D. Ruckelshaus

More information

Working Together to Conserve Land

Working Together to Conserve Land Working Together to Conserve Land A Resource for Landowners Protecting land for future generations About Loon Echo was formed as a 501(c)(3)nonprofit organization in 1987 to preserve land in the northern

More information

MODEL CONSERVATION RESTRICTION AMENDMENT POLICY GUIDELINES Massachusetts Easement Defense Subcommittee March 6, 2007 PREAMBLE

MODEL CONSERVATION RESTRICTION AMENDMENT POLICY GUIDELINES Massachusetts Easement Defense Subcommittee March 6, 2007 PREAMBLE MODEL CONSERVATION RESTRICTION AMENDMENT POLICY GUIDELINES Massachusetts Easement Defense Subcommittee March 6, 2007 PREAMBLE Because conservation restrictions are an important tool for permanently protecting

More information

Preserving Forested Lands

Preserving Forested Lands Preserving Forested Lands Maryland Woodland Stewards October 3, 2014 Megan Benjamin, Western & Central Region Planner Forestlands in Maryland Forests cover 41% of the State 2.6 million acres Ownership

More information

What is a land trust? Their mission is to preserve land via conservation easements and/or acquisition.

What is a land trust? Their mission is to preserve land via conservation easements and/or acquisition. Agenda What is a conservation easement? Resources for conservation easements and land trusts Real Property Bundle of Rights Conditions Landowner Benefits Tax deductions Funding Options Required Information

More information

What You Can Plan For

What You Can Plan For February 2017 Alliance Board Approves Revised Standards March 2017 New Standards Available Online for Download June 2017 Every Alliance Member Land Trust Must Pass a Resolution Adopting the Revised Standards

More information

PRE-APPLICATION FREQUENTLY ASKED QUESTIONS (FAQ) GENERAL PURCHASE OF DEVELOPMENT RIGHTS (PDR) FAQs

PRE-APPLICATION FREQUENTLY ASKED QUESTIONS (FAQ) GENERAL PURCHASE OF DEVELOPMENT RIGHTS (PDR) FAQs PRE-APPLICATION FREQUENTLY ASKED QUESTIONS (FAQ) Q: Question #26 asks me to describe how protecting my land will buffer and enhance important public natural areas. What types of natural areas do you mean?

More information

Standard 11: Conservation Easement Stewardship

Standard 11: Conservation Easement Stewardship Standard 11: Conservation Easement Stewardship Land trusts have a program of responsible stewardship for their conservation easements. Practices A. Funding Conservation Easement Stewardship 1. Determine

More information

Frequently Asked Questions

Frequently Asked Questions 1 Frequently Asked Questions What is a conservation easement? Conservation easements are voluntary, perpetual agreements, custom-crafted to meet the specific needs of the landowner, that limit the amount

More information

Land and Easement Donation Process and Requirements Summary

Land and Easement Donation Process and Requirements Summary Land and Easement Donation Process and Requirements Summary Many of the steps involved in donating land or conservation easements to American Friends of Canadian Land Trusts (AF) will be familiar to people

More information

Texas Parks and Wildlife Foundation Buffer Lands Program Program Description and Application

Texas Parks and Wildlife Foundation Buffer Lands Program Program Description and Application Texas Parks and Wildlife Foundation Texas Parks and Wildlife Foundation s mission is to provide private support to Texas Parks and Wildlife Department to manage and conserve the natural and cultural resources

More information

Land Transaction Procedures Approved July 17, 2012

Land Transaction Procedures Approved July 17, 2012 Land Transaction Procedures Approved July 17, 2012 Purpose: The Greenbelt Land Trust (GLT) acquires fee title or conservation easements for lands to fulfill its mission to conserve and protect in perpetuity

More information

Conservation tax credits. a landowner s guide. conservation resource center Tax Credit Exchange

Conservation tax credits. a landowner s guide. conservation resource center Tax Credit Exchange Conservation tax credits a landowner s guide conservation resource center Tax Credit Exchange The Conservation Resource Center Tax Credit Exchange 820 Pearl Street, Suite F Boulder, CO 80302 ph: 303.544.1044

More information

Introduction to Conservation Easements. Blair Calvert Fitzsimons Chief Executive Officer

Introduction to Conservation Easements. Blair Calvert Fitzsimons Chief Executive Officer Introduction to Conservation Easements Blair Calvert Fitzsimons Chief Executive Officer 1 What is a Conservation Easement? A voluntary, legal agreement between a landowner and a qualified holder that permanently

More information

Standard 10: Tax Benefits

Standard 10: Tax Benefits 2004 VERSION OF STANDARD 10 Standard 10: Tax Benefits The land trust works diligently to see that every charitable gift of land or easements meets federal and state tax law requirements. A. Tax Code Requirements.

More information

Land Conservation 101. Chris LaPointe, Director of Land Conservation Essex County Greenbelt Association

Land Conservation 101. Chris LaPointe, Director of Land Conservation Essex County Greenbelt Association Land Conservation 101 Chris LaPointe, Director of Land Conservation Essex County Greenbelt Association Greenbelt 34 cities and towns of Essex County 17,500 acres of land since 1961 Nearly 6,000 acres comprise

More information

THE MANADA CONSERVANCY

THE MANADA CONSERVANCY THE MANADA CONSERVANCY Description of a Land Trust What is a land trust? Land Trusts are non-profit organizations which work hand-in-hand with landowners to protect open spaces increasingly threatened

More information

About Conservation Easements

About Conservation Easements Section Three: Farm Transfer Tools About Conservation Easements Editor s note: One question that our education collaborative has fielded consistently throughout the years is about conservation easements.

More information

Project Name: Project Documentation Checklist for First-Time and Renewal June 2017 Page 1 of 6

Project Name: Project Documentation Checklist for First-Time and Renewal June 2017 Page 1 of 6 PROJECT DOCUMENTATION CHECKLIST Documentation for projects selected by the Commission is required as part of each application for first-time accreditation and renewal of accreditation. This checklist is

More information

TRENDS IN QUALIFIED CONSERVATION EASEMENTS. By: Melinda M. Beck, Esq.

TRENDS IN QUALIFIED CONSERVATION EASEMENTS. By: Melinda M. Beck, Esq. TRENDS IN QUALIFIED CONSERVATION EASEMENTS By: Melinda M. Beck, Esq. What is a Conservation Easement? An easement interest granted by a landowner to a land trust or governmental entity that voluntarily

More information

Questions to Ask of a Conservation Easement Appraiser (Before Retaining One)

Questions to Ask of a Conservation Easement Appraiser (Before Retaining One) As a Colorado landowner, are you thinking about donating a conservation easement to one of Colorado s certified land trusts or governmental entities? First, make sure the organization you select to hold

More information

Topics to be Covered

Topics to be Covered CONSERVATION EASEMENTS Presented by Claire Fiegener, Greenbelt Land Trust Topics to be Covered What is a conservation easement? What is a land trust and how do they relate to conservation easements? What

More information

Standard 12: Fee Land Stewardship

Standard 12: Fee Land Stewardship 2004 VERSION OF STANDARD 12 The land trust has a program of responsible stewardship for the land it holds in fee for conservation purposes. A. Funding Land Stewardship. The land trust determines the immediate

More information

Conservation Easement Best Management Practices

Conservation Easement Best Management Practices Conservation Easement Best Management Practices Natural Resources Department April 2013 The mission of the Larimer County Natural Resources Department is to establish, protect and manage significant regional

More information

A GUIDE TO THE TAX BENEFITS of DONATING A CONSERVATION EASEMENT. By C. Timothy Lindstrom, Esq.

A GUIDE TO THE TAX BENEFITS of DONATING A CONSERVATION EASEMENT. By C. Timothy Lindstrom, Esq. A GUIDE TO THE TAX BENEFITS of DONATING A CONSERVATION EASEMENT By C. Timothy Lindstrom, Esq. October, 2004, by C. Timothy Lindstrom The Jackson Hole Land Trust P.O. Box 2897 555 East Broadway, Suite 228

More information

For more information on how to compile and submit project documentation see our website and the User Manual.

For more information on how to compile and submit project documentation see our website and the User Manual. PROJECT DOCUMENTATION CHECKLIST Documentation for projects selected by the Commission is required as part of each renewal application. This checklist is required for each project selected, to help you

More information

Revising Land Trust Standards and Practices: What Needs to be Changed and Why

Revising Land Trust Standards and Practices: What Needs to be Changed and Why Revising Land Trust Standards and Practices: What Needs to be Changed and Why Land Trust Standards and Practices was first developed and later revised by and for the land trust community in partnership

More information

Accreditation of Land Trusts: From the Big Picture to Organizational Impact

Accreditation of Land Trusts: From the Big Picture to Organizational Impact Accreditation of Land Trusts: From the Big Picture to Organizational Impact Linda J. Mead, President and CEO for the Environmental Grantmakers Affinity Group October 31, 2013 The Land Trust Accreditation

More information

Chapter VIII. Conservation Easements: Valuing Property Subject to a Qualified Conservation Contribution

Chapter VIII. Conservation Easements: Valuing Property Subject to a Qualified Conservation Contribution A. Overview and Purpose Chap. VIII Conservation Easements: Valuing... Jacobson & Becker 91 Chapter VIII Conservation Easements: Valuing Property Subject to a Qualified Conservation Contribution Forest

More information

IMPORTANT UPDATED ADVISORY ON TAX SHELTER ABUSE INVOLVING CONSERVATION DONATIONS

IMPORTANT UPDATED ADVISORY ON TAX SHELTER ABUSE INVOLVING CONSERVATION DONATIONS IMPORTANT UPDATED ADVISORY ON TAX SHELTER ABUSE INVOLVING CONSERVATION DONATIONS All Land Trust Alliance (the Alliance ) member land trusts adopt and commit to implement Land Trust Standards and Practices

More information

Conservation Easements: Amendments &Violations

Conservation Easements: Amendments &Violations Conservation Easements: Amendments &Violations New Jersey Land Conservation Rally March 16, 2016 James Wyse, Coughlin Duffy LLP Judeth Yeany, Green Acres Program, DEP Session Outline Introduction and overview

More information

USOPF REAL ESTATE ACCEPTANCE POLICY

USOPF REAL ESTATE ACCEPTANCE POLICY USOPF REAL ESTATE ACCEPTANCE POLICY The United States Olympic and Paralympic Foundation ( USOPF ) is a not-for-profit organization under the laws of the State of Colorado organized to encourage, solicit

More information

Canadian Land Trust Standards and Practices

Canadian Land Trust Standards and Practices Canadian Land Trust Standards and Practices 2005 Canadian Land Trust Alliance (CLTA) Alliance des organismes de conservation du Canada (ADOCC) December 1, 2005 Technical Update June 2007 Acknowledgements

More information

Canadian Land Trust Standards and Practices

Canadian Land Trust Standards and Practices Canadian Land Trust Standards and Practices 2019 Table of Contents STANDARD 1 - Ethics, Mission and Community Engagement... 4 STANDARD 2 - Compliance with Laws... 5 STANDARD 3 - Board Accountability...

More information

How Mitigation Banks and ILF Programs Can Help Conservation

How Mitigation Banks and ILF Programs Can Help Conservation How Mitigation Banks and ILF Programs Can Help Conservation Devin Schenk, Mitigation Program Manager Anthony Sasson The Nature Conservancy Mission: To conserve the lands and waters for which all life depends

More information

Conservation Easement Assistance Program

Conservation Easement Assistance Program PENNSYLVANIA LAND TRUST ASSOCIATION Conservation Easement Assistance Program GUIDELINES last updated 3/12/2013 Introduction... 2 Qualify an Organization... 2 The Basics... 2 Open Application Period...

More information

Standards and Practices

Standards and Practices LAND TRUST Standards and Practices Ethical and Technical Guidelines for the Responsible Operation of a Land Trust Revised 2017 Introduction Land Trust Standards and Practices are the ethical and technical

More information

West Virginia Outdoor Heritage Conservation Fund. Grant Program TECHNICAL ASSISTANCE MANUAL

West Virginia Outdoor Heritage Conservation Fund. Grant Program TECHNICAL ASSISTANCE MANUAL West Virginia Outdoor Heritage Conservation Fund Grant Program TECHNICAL ASSISTANCE MANUAL Please Note: 1. All applicants are advised to read this manual prior to even starting on a grant application.

More information

Memorandum of Understanding between County Board of Arlington County, Virginia and The Northern Virginia Conservation Trust

Memorandum of Understanding between County Board of Arlington County, Virginia and The Northern Virginia Conservation Trust Memorandum of Understanding between County Board of Arlington County, Virginia and The Northern Virginia Conservation Trust In consideration of the County Board of Arlington County (the County ) having

More information

Goodwill Industries of Northern Michigan G.W. Homeless Services of Northern Michigan\ Gift Acceptance Policy Adopted 8/2009

Goodwill Industries of Northern Michigan G.W. Homeless Services of Northern Michigan\ Gift Acceptance Policy Adopted 8/2009 Goodwill Industries of Northern Michigan G.W. Homeless Services of Northern Michigan\ Gift Acceptance Policy Adopted 8/2009 Goodwill Industries of Northern Michigan and G.W. Homeless Services of Northern

More information

LIVING LANDS BIODIVERSITY GRANTS: INFORMATION AND APPLICATION. Due: January 16, 2009

LIVING LANDS BIODIVERSITY GRANTS: INFORMATION AND APPLICATION. Due: January 16, 2009 LIVING LANDS BIODIVERSITY GRANTS: INFORMATION AND APPLICATION Due: January 16, 2009 PURPOSE OF LIVING LANDS PROJECT Defenders of Wildlife s Living Lands project provides financial, technical and educational

More information

TARGETED VERIFICATION DOCUMENTS

TARGETED VERIFICATION DOCUMENTS TARGETED VERIFICATION DOCUMENTS In an effort to reduce the amount of documentation provided in the overall application, the Commission has shifted some questions and documentation to the Pre-Application

More information

IRS FORM 8283 SUPPLEMENTAL STATEMENT DONATION OF CONSERVATION EASEMENT

IRS FORM 8283 SUPPLEMENTAL STATEMENT DONATION OF CONSERVATION EASEMENT Name(s) shown on income tax return Identifying Number Robert T. Landowner 021-34-1234 Susan B. Landowner 083-23-5555 IRS FORM 8283 SUPPLEMENTAL STATEMENT DONATION OF CONSERVATION EASEMENT On November 12,

More information

Conservation Easement Donations

Conservation Easement Donations Landowner Information Series: Conservation Easement Donations Conservation Easement Donations Thousands of acres of farm and forestland that contribute to the unique, rural character of Vermont have been

More information

2018 Requirements Manual An In-Depth Look at Changes to the Requirements

2018 Requirements Manual An In-Depth Look at Changes to the Requirements 2018 Requirements Manual An In-Depth Look at Changes to the Requirements Executive Summary The Requirements Manual helps land trusts understand how the Land Trust Accreditation Commission verifies that

More information

What is a conservation easement?

What is a conservation easement? What is a conservation easement? A conservation easement is defined as: A non-possessory interest of a holder in real property imposing limitations or affirmative obligations the purposes of which include

More information

Your Land. Your Legacy.

Your Land. Your Legacy. Your Land. Your Legacy. Protect Your Land with a Conservation Easement Conserving our land and water resources; making an environmentally healthy and economically prosperous region; and creating a high

More information

Pointers for Balancing Risk on Conservation Easement Modification Eight Elements to Consider Pending a Tax Court Decision

Pointers for Balancing Risk on Conservation Easement Modification Eight Elements to Consider Pending a Tax Court Decision The Land Trust Alliance has long held that a modification clause in conservation easements strengthen easements and improves enforceability. A modification clause, which may include amendment, consent,

More information

DESCRIPTION OF A LAND TRUST

DESCRIPTION OF A LAND TRUST DESCRIPTION OF A LAND TRUST What is a land trust? Land trusts are non-profit organizations that work hand-in-hand with landowners to protect our valuable natural resources. Land trusts have become increasingly

More information

Table of Contents

Table of Contents Table of Contents... 3... 7... 7... 8... 9... 11... 11... 12... 15... 18... 18... 21... 23...28...28... 29... 30 2 The annual Requirements Manual is your key to a successful accreditation application.

More information

Revision of the Canadian Land Trust Standards and Practices - Preliminary Consultation

Revision of the Canadian Land Trust Standards and Practices - Preliminary Consultation Revision of the Canadian Land Trust Standards and Practices - Preliminary Consultation Background Info The Canadian Land Trust Standards and Practices (CLT S&P) are the ethical and technical guidelines

More information

Yolo Habitat Conservancy County of Yolo City of Davis City of Winters City of West Sacramento City of Woodland University of California, Davis

Yolo Habitat Conservancy County of Yolo City of Davis City of Winters City of West Sacramento City of Woodland University of California, Davis Yolo Habitat Conservancy County of Yolo City of Davis City of Winters City of West Sacramento City of Woodland University of California, Davis Science & Technical Advisory Committee (STAC) Operational

More information

THE COUCHICHING CONSERVANCY LAND STEWARDSHIP POLICY. As approved by the Board, April 30, 2007

THE COUCHICHING CONSERVANCY LAND STEWARDSHIP POLICY. As approved by the Board, April 30, 2007 THE COUCHICHING CONSERVANCY LAND STEWARDSHIP POLICY As approved by the Board, April 30, 2007 When one tugs at a single thing in nature, he finds it attached to the rest of the world. John Muir This policy

More information

PROJECT SCORING GUIDANCE. Introduction: National Proiect Selection:

PROJECT SCORING GUIDANCE. Introduction: National Proiect Selection: FOREST LEGACY PROGRAM PROJECT SCORING GUIDANCE Introduction: This document provides guidance to the National Review Panel on how to score individual Forest Legacy Program (FLP) projects, including additional

More information

Selling Conservation Easement Properties

Selling Conservation Easement Properties Selling Conservation Easement Properties A Guide for Landowners, Realtors, and Potential Buyers As landowners look to sell their land protected by a conservation easement, potential buyers or realtors

More information

Basic Conservation Options

Basic Conservation Options Basic Conservation Options Saving Special Places April 2016 Phil Auger Southeast Land Trust of NH seltnh.org O 778-6088 C 833-1139 Evans Mtn, Strafford Photo Dan Sperduto Basic Conservation Options- what

More information

Sample Renewal Additional Information Request

Sample Renewal Additional Information Request Sample Renewal Additional Information Request February 25, 2015 Jim Smith Green Acres Land Trust 123 Main Street Anywhere, NY 12345 Dear Jim: Thank you for submitting your organization s application for

More information

UNOFFICIAL COPY OF HOUSE BILL 1272 A BILL ENTITLED

UNOFFICIAL COPY OF HOUSE BILL 1272 A BILL ENTITLED UNOFFICIAL COPY OF HOUSE BILL 1272 M4 6lr0525 By: Delegates Smigiel, Kelley, Rosenberg, and Sossi Introduced and read first time: February 10, 2006 Assigned to: Environmental Matters 1 AN ACT concerning

More information

CONSERVATION EASEMENTS

CONSERVATION EASEMENTS CONSERVATION EASEMENTS Prepared for the Colorado Cattlemen's Agricultural Land Trust January 2007 By Lawrence R. Kueter, Esq. Isaacson, Rosenbaum, Woods & Levy, P.C. Suite 2200 633 17th Street Denver,

More information

Bossier Parish Library Historical Center. Acquisition Policy. Approved 2009

Bossier Parish Library Historical Center. Acquisition Policy. Approved 2009 Approved 2009 1 The seeks and will consider additions to the collections that further the Historical Center s purpose of acquiring, arranging, cataloging, preserving, exhibiting, maintaining, and storing

More information

FUNDING the STEWARDSHIP RESERVE and LEGAL DEFENSE FUNDS

FUNDING the STEWARDSHIP RESERVE and LEGAL DEFENSE FUNDS LTA S&P Reference: 6F, 6G, 11A, 12A Procedure No. 6.3.2.A Procedure No. 6.3.3.A FUNDING the STEWARDSHIP RESERVE and LEGAL DEFENSE FUNDS This procedure provides details about funding the Stewardship Reserve

More information

Audit and Finance Committee Recommended Amendment to Fee Schedule

Audit and Finance Committee Recommended Amendment to Fee Schedule To: From: Re: Date: Virginia Outdoors Foundation Board of Trustees Brett Glymph Audit and Finance Committee Recommended Amendment to Fee Schedule June 10, 2015 Recommendation: To sustain current operations,

More information

Using Easements to Conserve Biodiversity. Jeff Lerner Defenders of Wildlife

Using Easements to Conserve Biodiversity. Jeff Lerner Defenders of Wildlife Using Easements to Conserve Biodiversity Jeff Lerner Defenders of Wildlife jlerner@defenders.org Northeast LTA June 10, 2006 Defenders of Wildlife Mission: to protect native wild animals and plants in

More information

Council Policy Name: Policy Statement and Rationale: Scope: Council Policy No.: C205 CAO 044. Date Approved by Council: May 26, 2015

Council Policy Name: Policy Statement and Rationale: Scope: Council Policy No.: C205 CAO 044. Date Approved by Council: May 26, 2015 Council Policy No.: C205 CAO 044 Council Policy Name: Date Approved by Council: May 26, 2015 Date revision approved by Council: Related SOP, Management Directive, Council Policy, Form Policy Statement

More information

Land Trust of Santa Cruz County. Strategic Plan. July 2012 to June This is a public version of a more detailed internal plan.

Land Trust of Santa Cruz County. Strategic Plan. July 2012 to June This is a public version of a more detailed internal plan. Land Trust of Santa Cruz County Strategic Plan July 2012 to June 2015 This is a public version of a more detailed internal plan. Over the next three years the Land Trust will pursue four critical strategies.

More information

THE BASICS: Commercial Agreements

THE BASICS: Commercial Agreements THE BASICS: Commercial Agreements of Sale Adam M. Silverman Cozen O Connor 1900 Market Street Philadelphia, PA 19103 215.665.2161 asilverman@cozen.com 2010 Cozen O Connor. All Rights Reserved. TABLE OF

More information

Siskiyou Land Trust. Strategic Plan Update

Siskiyou Land Trust. Strategic Plan Update Siskiyou Land Trust Strategic Plan Update 2018-2023 Issued by the Board of Directors of Siskiyou Land Trust, May 2018 Our Mission: The Siskiyou Land Trust is dedicated to long-term stewardship of agricultural,

More information

Basic Conservation Options

Basic Conservation Options Basic Conservation Options Saving Special Places April 7, 2018 Phil Auger Property Manager Southeast Land Trust of NH augerlandhelp@gmail.com O 778-6088 C 833-1139 North Fen Bog Pond & Button Sedge Mast

More information

Conservation Easements: Creating a Conservation Legacy for Private Property

Conservation Easements: Creating a Conservation Legacy for Private Property Conservation Easements: Creating a Conservation Legacy for Private Property What is a Conservation Easement? For landowners who want to conserve their land and yet keep it in private ownership and use,

More information

State Revolving Fund Loan Programs Guidance for Project Land Acquisition For SRF Financed Projects

State Revolving Fund Loan Programs Guidance for Project Land Acquisition For SRF Financed Projects Revised November 30, 2006 State Revolving Fund Loan Programs Guidance for Project Land Acquisition For SRF Financed Projects I. Introduction: If an SRF financed project requires access to or acquisition

More information

New Brunswick Community Land Trust

New Brunswick Community Land Trust New Brunswick Community Land Trust Helping landowners maintain land in production to support our rural economy New Brunswick Community Land Trust For more information about NBCLT or to get involved, contact:

More information

Please review the Draft PTF Grant Manual with the above background information in mind. AGC

Please review the Draft PTF Grant Manual with the above background information in mind. AGC Board of Trustees Anna G. Chisholm, PTF Program Administrator 3.15.2017 Proposed Updates to the PTF Grant Manual The PTF Grant Manual was last updated in 2006 and many details of the easement process have

More information

Conservancy Mission. Leveraging GIS Technologies in Chesapeake Conservation and Restoration 10/17/2018

Conservancy Mission. Leveraging GIS Technologies in Chesapeake Conservation and Restoration 10/17/2018 Leveraging GIS Technologies in Chesapeake Conservation and Restoration Rachel Soobitsky Geospatial Project Manager Chesapeake Conservancy Conservation Innovation Center Kristin Kirkwood Executive Director

More information

Conservation Partnering Opportunities for Military Departments, Public Agencies, and Private Conservators

Conservation Partnering Opportunities for Military Departments, Public Agencies, and Private Conservators Conservation Partnering Opportunities for Military Departments, Public Agencies, and Private Conservators Richard A. Engel Naval Facilities Engineering Command April 9, 2003 1 INTRODUCTION Military departments,

More information

THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION

THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION PROCEDURES FOR THE ADMINISTRATION OF GIFTS OF REAL PROPERTY Adopted: 04/10/2018 (Adopted Section 6 of University Gift Acceptance and Counting Policies

More information

What is a conservation easement?

What is a conservation easement? To preserve the plants, animals and natural communities that represent the diversity of life on Earth by protecting the lands and waters they need to survive. Mission What is a conservation easement? It

More information

Tejon Ranch Conservation and Land Use Agreement Executive Summary

Tejon Ranch Conservation and Land Use Agreement Executive Summary Tejon Ranch Conservation and Land Use Agreement Executive Summary The Tejon Ranch Company (TRC) and Audubon California, the Endangered Habitats League, Natural Resources Defense Council, Planning and Conservation

More information

Landowner Information Packet

Landowner Information Packet Landowner Information Packet Please review and feel free to call us with any questions that you might have. We look forward to speaking with you about your conservation goals. Conservation Staff: Liz Edsall

More information

The Farmland Preservation Program in Sussex County

The Farmland Preservation Program in Sussex County The Farmland Preservation Program in Sussex County Preserved Tranquility Farm The Importance of Saving Farmland and Farmers Photo by Tanya Nolte Farmland, an irreplaceable natural resource, and the farmers

More information

Conservation Easement Issues and Updates: Latest & Greatest

Conservation Easement Issues and Updates: Latest & Greatest Conservation Easement Issues and Updates: Latest & Greatest AGENDA: 1) Terrafirma Conservation Defense Insurance: Tips for Filing Claims 2) Land Trust Alliance Advisory on Conservation Tax Shelters 3)

More information

A Guide for Developers, Public Officials, and Lenders

A Guide for Developers, Public Officials, and Lenders Ground Leases A Guide for Developers, Public Officials, and Lenders Preface Historically utilized in a variety of situations, in recent years, ground leases have found frequent use in Joint Development

More information

LCRA BOARD POLICY 401 LAND RESOURCES. Sept. 21, 2016

LCRA BOARD POLICY 401 LAND RESOURCES. Sept. 21, 2016 LCRA BOARD POLICY 401 LAND RESOURCES Sept. 21, 2016 401.10 PURPOSE This policy establishes guidelines for the acquisition, disposition, use and management of all LCRA land rights. 401.20 DEFINITIONS Land

More information

Baseline Documentation and Inventory Protocol, Version 2

Baseline Documentation and Inventory Protocol, Version 2 Rhode Island Conservation Stewardship Collaborative Baseline Documentation and Inventory Protocol, Version 2 September 2014 Carol Lynn Trocki Conservation Biologist Scott Ruhren, Ph.D. Senior Director

More information

A Landowner Introduction to Conserving Land with Colorado Open Lands

A Landowner Introduction to Conserving Land with Colorado Open Lands A Landowner Introduction to Conserving Land with Colorado Open Lands 3R Ranch, Pueblo County. Photo by John Fielder Thank you for your interest in conserving your land! In this guide, we hope to give you

More information

Conservation of Coastal Alabama A Land Conservation Presentation

Conservation of Coastal Alabama A Land Conservation Presentation Conservation of Coastal Alabama A Land Conservation Presentation Little Lagoon Preservation Society October 20 th, 2016 Gulf Shores Activity Center Gulf Shores Alabama Pelican Coast Conservancy Mission

More information

OVERVIEW OF HOUSING DEVELOPMENT CORPORATION, LONDON (HDC)

OVERVIEW OF HOUSING DEVELOPMENT CORPORATION, LONDON (HDC) OVERVIEW OF HOUSING DEVELOPMENT CORPORATION, LONDON (HDC) Information for Persons Interested in Applying to Serve on the HDC Board of Directors STEPHEN GIUSTIZIA EXECUTIVE LEAD SGIUSTIZIA@HDCLONDON.CA

More information