preserving our land and our mission
DESCRIPTION
Sisters of the Holy Family. Preserving our Land and our Mission. Our Challenge is to investigate options for preserving the land in its current state. Our Challenge. A Progress Report…. What is the Cost to Preserve?. Site = 9.186 acres. Consultants. $302,000 - $144,000 = - PowerPoint PPT PresentationTRANSCRIPT
Preserving our Land and our Mission
Sisters of the Holy Family
Our Challenge is to investigate options for preserving the land in its current state.
Our Challenge
A Progress Report…
What is the Cost to Preserve?
$302,000 - $144,000 =(Maintenance) (Lease Revenue)
$158,000 Annually
$2,525,000 – 20 yrs.Add: $1,060,103
(Capital Reserves)
$3.59 Million
Site = 9.186 acresConsultants
Outreach and Education
Launched Websitepalmdale.dcgdev.com
RFP Available for Download
RFP is really a searchfor Interested Parties
It takes time to Reach Out & Educate
Preliminary Web Outreach
• Wall Street Journal• Craigslist.org• Lmbourse.com• Loopnet.com• Dcgdev.com
•Blog.dcgdev.com• Facebook.com• Twitter.com• Digg.com• i-newswire
Tracking our Activity
Tracking our Activity
Tracking our Activity
Brokers ALSO represent Preservation and
Historic Organizations
• Mayor of Fremont
• Fremont City Council
• City Manager
• City Attorney
• City Parks & Rec. Director
• Fremont Chamber of Commerce
• Mission San Jose Chamber of
Commerce
• Mission San Jose Museum of Local
History
• Ohlone Community College
• East Bay Regional Parks District
• National Trust for Historic
Preservation
– Including magazine & website
• Office of Historic Preservation
• National Trust Community
Investment Co.
• CA Historical Society
• Alameda County Historical Society
• Partial list…
Personal Outreach
National Trust Community Investment Co.
Our Plan…
• Interview “Interested Parties”• Ascertain level of interest• Evaluate proposals based on Sister’s preservation goals
6 month Exposure & Screening Period
Launch of Website & Outreach Effort October/2009Investigation and Collection of Data Regarding Proposals for the Preservation of the Property
April/2010
Analysis and Evaluation of Data May 2010Presentation of Data to Sisters & Consultation June 2010Leadership Team’s Decision on Proposals Summer 2010Next Steps: Negotiate of Required Agreements Due Diligence Inspections If Due Diligence Approved:
…if traditional agreement End of Year 2010…if option agreement subject to entitlements
End of Year 2011
Preliminary Timeline…
So what is the value of the land?
Frequently Asked Questions
• Highest and Best Valuation LESS Subjective,
Mission-Oriented Considerations = Value
• RFP responses will help us understand these
tradeoffs.
A non-profit organization formed for the express purpose of holding land (or restrictive easements on land) for its conservation, historic preservation, wildlife protection and/or recreation values, among other things.
Donate or Sell to a Land Trust
What are our Options?
Implications for Value
The difference between a property’s value before the
easement is placed on it (such as a conservation
easement) and the value after the easement is placed on it.
Selling the Development
Rights
Acreage Exchange & Transfer of Development Rights
What are our Options?
Residential Development
What are our Options?
Highest and Best Use
Special Considerations
A stewardship endowment is money put aside by a land trust to ensure the capacity to monitor and manage its protected properties and to enforce conservation easements in the future.
Most Viable Land Trust
• Quimby Act could be used to
acquire as a Historic Park
• California Nursery Historic
Park in Niles which contains
tree specimens with
horticultural and historic
significance.
What is the Right of First Offer?Contractual right that the seller must first give the rights
holder the opportunity to purchase an asset, but does not set
requirements for the transaction. The seller agrees to negotiate
with the rights holder, and attempt to reach an agreement. If
the seller and rights holder cannot reach an agreement, the
seller may then negotiate with or sell to any other party.
Frequently Asked Questions
We mean this…
Our Goal is to Preserve…
Questions?