An Application from the Vermont Land Trust to the Vermont Housing & Conservation Board for the Purchase of Development Rights on Farmland DOUG BUTLER

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1 An Application from the Vermont Land Trust to the Vermont Housing & Conservation Board for the Purchase of evelopment ights on Farmland OUG BUTL MILBUY AISO COUTY, VMOT POJCT HIGHLIGHTS TASF TO XT GATIO HIGH VLOPMT PSSU 80% AGICULTUAL SOIL CLAYPLAI FO TOW LVAG SUPPOT 1

2 Butler Project Summary oug Butler s dairy farm is just a few miles outside of Middleury. His farm is the last active dairy farm on Munger Street. ot long ago there were five farms shipping milk and he s seen the young people move off the farms. His son Casey (30) is an exception. Casey is firmly planted on the home place and he s the fourth generation to e milking cows. Casey s great grandparents ought the farm in 1926 and then oug ought the farm after his mother died in oug is 60 and he s setting the stage to eventually transfer the farm to Casey. To ease their sustantial det, they d like to conserve some of their est land. oug says, I d like it conserved to protect myself from myself. Once it s conserved I won t e tempted to sell it to a developer. Believe me, our family has had plenty of offers. The Butlers have 680 head; 300 cows and 380 young stock. They own 340 acres and rent another 600 so they are an important player in keeping this area of town productive. All the dairy infrastructure and the farmhouse is on a separate 29 acre parcel and it is excluded. The parcel has one wet meadow with minimal development threat. oug Butler might consider conserving other land he owns and some has een appraised ut he d like to start with this 148 acre parcel first. The land is 80% agricultural soil, contains some of his etter cropland and it has high development value with good views of the Adirondacks. It also has 40 acres of rare clayplain forest. That area will e protected y a wetland protection zone that restricts logging and prohiits conversion to agricultural use. oug is somewhat familiar with farmland conservation ecause he owns 29 acres of conserved land south of Cole oad. The easement is held y the Middleury Area Land Trust (MALT) and was conserved as part of an open space agreement when oug s father, Lawrence, developed some autting land.

3 XHIBIT A BUTL POJCT BUGT 04/06/17 ICOM XPS VHCB OTH TOTAL VHCB Funds 449,000 Acquisition 445,000 30, ,000 Town 30,000 Third Party costs 4, ,000 Specify source 0 Associated Costs Contract 0 0 Specify source 0 Value onation Landowner Funds 0 Stewardship Contract 0 0 Bargain Sale 400 Landowner contri., if applic. 0 0 asement onation 0 Survey costs 3, ,000 TOTAL $479,400 TOTAL $452,000 $30,400 $482,400 P-VLOPMT COS TO VHCB: $1,750 An appraisal cost split etween landowner and VHCB. Appraisal done y: ich Larson Total cost $3,500 VHCB grant $1,750 Landowner $1,750 owes at closing $1,750 Other $0 TOTAL P-VLOPMT COS: $3,500 TOTAL ALL COS: $485,900 Stewardship Category for landowner exemption, if applicale (check one, use a 1 5%+ arg. sale 1st farm 1 other (explain) financial distress VALU OF VLOPMT IGHTS & ACAG COSV: Appraised asement Value with Option to Purchase at Ag Value $475,400 nhancement of xcluded Land $0 Final asement Value $475,400 Bargain Sale $400 Purchase Price of asement $475,000 umer of Purchased Acres Conserved 148 asement Cost per Acre $3,209

4 LL Locator Map GMF - BIOL CLIFFS WILSS AA HI A TO W Location: Middleury, Vermont Y HU CH OT T HALPI XC H T PAI 116 U M G MUG CAV G G MOUTAI ATIOAL FO xcluded Y S K BA AGO L A C BA LICO L H AL U S H I L L AY L HO CAY 7 State Land Other on-profit Federal Land Municipal Land SCHOO MU SO L K VLT Conserved Land SO U TH XT MO S OBBIS C COWALL IPTO A MILBUY MI 30 T AMA BO L IG CI MIL OG S 125 ow Pond X H G Y AY UA T I B SMI FO OT S U T HIGH S O M Y W JA M S COBBL HALPI G AM I S I PK A TH 29 YB xcluded Suject Property F SHP W H TC A M WYBIG TH 28 O V P GT I UP L HL O T W ITC LL HI BIOL HA W HAV V SO PA CO V SUM 8 Bailey Avenue Montpelier, VT TH Property: Butler Vermont Land Trust 17 SOUT H WALTHAM 125 Suject Property Scale: 1:70,000 I

5 I Vermont Land Trust Orthophoto Map Property: Butler Middleury, VT asement Acres: 148 Protected Property Barn Complex xcluded Land Wetland Protection Zone (WPZ) Scale: 1:7, ,440 1,920 Feet

6 Agricultural Soils Map Vermont Land Trust Property: Butler Location: Middleury, Vermont 8 Bailey Avenue Montpelier, VT Lh MrB Cv FaC Cw Cw BeB BeB VgC Sw BsC Vg Vg CtB FaC Vg BsC Total Acres Prime 0 Prime () 4 Statewide, Statewide (a) 111 Statewide () 4 Other 30 TOTAL 148 Statewide CtB Colton gravelly sandy loam, 5 to 12 percent slopes Statewide (a) Covington and Panton silty clays Statewide () Cv Cw FaC Sw VgC Vg Berkshire and Marlow extremely stony loams, 3 to 20 percent slopes PSL Covington silty clay, flooded Farmington extremely rocky silt loam, 5 to 20 percent slopes Swanton fine sandy loam Vergennes clay, 2 to 6 percent slopes Vergennes clay, 6 to 12 percent slopes Vergennes clay, 12 to 25 percent slopes Statewide () PSL Prime () Statewide 85 PSL 13 Statewide I Prime 8 Berkshire and Marlow stony loams, 3 to 12 percent slopes BsC BeB % Acres 16 Prime () Statewide Statewide (a) Status ame 1:9,000 Symol Statewide ()

7 Vermont Land Trust Tax Parcel Map Property: Butler Middleury, VT 1:25,000 I

8 BUTL MILBUY oug and Casey Butler at home farm. airy arn at home farm. Looking southwest toward Chipman Hill in Middleury. Looking south at Adirondacks Mts.

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