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 Website

palmdale.dcgdev.com

RFP Available

for Download

RFP is really a search

for Interested PartiesIt 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/2009

Investigation and Collection of Data Regarding Proposals for the Preservation of the Property

April/2010

Analysis and Evaluation of Data May 2010

Presentation of Data to Sisters & Consultation June 2010

Leadership Team’s Decision on Proposals Summer 2010

Next 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?