|Community land trust for preserving non-housing land||<– Date –> <– Thread –>|
|From: Rob Sandelin (Exchange) (RobsanExchange.MICROSOFT.com)|
|Date: Wed, 10 Apr 1996 11:48:45 -0500|
One very excellent use of the CLT model is to use it as the framework for preserving undeveloped land in its natural or undeveloped state. There are lots of examples of this around, indeed it is one of the prime uses of the CLT form. You can do a housing condo project and then create a CLT to preserve the remaining undeveloped greenbelt if that is your goal. Sharingwoods greenbelt will eventually become a CLT and so our housing will be surrounded by a CLT. In our area, one advantage of having undeveloped land in a CLT is that both County and State taxes are lowered, and there are some special land owner management training programs available to CLT's. In the preservation trust agreements you can write almost any kind of use agreement you want to include gardens, logging, trails, human use, etc. In our area there is even a land trust management organization which provides some sort of umbrella organization for smaller land trusts. The kicker in our locality is, the land must remain undeveloped for a period of ten years or more. If CLT land is developed for housing during that ten years, you pay a substantial fee which is considerably more than the tax rebate you get. In a preservation trust agreement the ownership group can retain control and management of the property, or give control and management to an agency or other non-profit group. I am exploring the idea of creating a 501-C-3 organization to steward the greenbelt at Sharingwood, with the idea of holding some sort of educational conferences using the greenbelt as a focus. In this case, if I read the WA state tax code right, our greenbelt would be exempt from paying any real estate taxes at all. Your local laws will vary, but if your group is planning to steward land you might look into this. Rob Sandelin Sharingwood
- (no other messages in thread)
Results generated by Tiger Technologies Web hosting using MHonArc.