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How Does Land Preservation Work in NJ?

This is an outline of a presentation to be given to the Environmental Stewards Class of 2006 by Michael Catania and Jon Wagar of Conservation Resources Inc. Please note the links to external websites that can be used to learn more about specific topics that will be covered.

The need for Open Space and Farmland Preservation

Types of Open Space and Farmland Preservation

Steps involved in doing a deal - What it takes

    • Planning [e.g. Garden State Greenways]
    • Landowner education and outreach
    • Real estate negotiations – understanding benefits of preservation including tax benefits
    • Due diligence – Appraisals, Phase I EA, Title, Survey

Traditional Open Space and Farmland Preservation Programs

New Directions in Conservation Finance

    • Beyond Public Funding
    • Low Cost Bridge Financing/Revolving Loan Funds, Endowments, Program Related Investments (PRI), Conservation Investors, Philanthropic Loan Guarantees, Letters of Credit, and Bargain Sales and Tax Incentives

New Sources of Private Capital for Land Preservation

    • Marketable Tax Credits, Natural Resource Damage Claims, Penalty Settlements , Mitigation Projects, Permit Conditions, Supplemental Environmental Projects, Compatible Development, Life Insurance

Conservation Resources’ New Geographic Funds

    • How the Geographic Funds Function, Services to the Conservation Community, Services to Donors – Philanthropic and Regulatory, Services to With Regulatory Agencies

Stewardship of Open Space

    • Green Acres Rules and diversions
    • Conservation easements and farmland preservation easements
    • Passive versus active recreation
    • Land management and funding – trails, habitat management, etc…