Partnering with Land Trusts: How Land Trusts Can Help CPCs Protect Open Spaces The Trust for Public Land CPA Conference March 1, 2003.

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Presentation transcript:

Partnering with Land Trusts: How Land Trusts Can Help CPCs Protect Open Spaces The Trust for Public Land CPA Conference March 1, 2003

The Trust for Public Land conserves land for people to improve the quality of life in our communities and to protect our natural and historic resources for future generations Walden Woods Walden Woods

Working with Land Trusts on Acquisitions Timing transactions Negotiating with landowners Managing complex large-scale projects Making use of easements Building public support Finding & leveraging funds (private and public)

135-acre property adjacent to 2,000 acres Wetlands & 24 vernal pools provide habitat for rare wildlife Connects to extensive trail system, including the 200-mile Bay Circuit Trail Sawyer-Richardson Property, Boxford: Priority Site

© David Low Town, BTA-BOLT, Greenbelt, TPL enter partnership March 2002: TPL reaches agreement with developer gives Town 3 months to close $4.75 million raised to permanently protect property (renamed “Wunnegan Conservation Area”) Sawyer-Richardson Property: Critical Timing & Funding Issues

State - DEM - EOEA stateside LWCF $1,000, ,000 Private - BTA/BOLT - Essex County Greenbelt 240, ,000 Town - CPA & other 3,160,000 Purchase Price$4,750,000 Sawyer-Richardson Property: Sources of Funds Leverage: CPA funds account for 66% of funding

35-acre property with 500+ feet lake frontage Lake provides town’s sole source of drinking water Passive recreation and scenic views Half-Mile Hill Property, North Andover: Priority Site

Town asks TPL to help protect open space priority Early 2002: TPL negotiates agreement with family trust TPL and CPC build public support to protect the property by June Half-Mile Hill, North Andover Critical Timing & Funding Issues © John Bellenis, Courtesy of LandVest, Inc.

Half-Mile Hill: Sources of Funds State - EOEA Self-Help$250,000 Private150,000 Town - CPA 2,250,000 Purchase Price$2,650,000 Leverage: CPA funds account for 85% of funding

Timing: act quickly to protect open spaces Providing real estate expertise: negotiations, complex transactions Building public support: press, mailings, events for TM campaign Leveraging CPA funds Working with Land Trusts: Summary

Contact: Carol Hall Phone: x328 Fax: Website: