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Author(s): Andrew M. Loza, Patricia L. Pregmon
Org./Source: Pennsylvania Land Trust Association
Year: 2012
Used to secure payment of deferred contributions and other conservation commitments made by present landowners and to be paid by either them or future owners. The model offers ten basic ways to structure stewardship funding arrangements. Read the commentary, not just the model document! Drafts prior to 2012 were titled "Model Conservation Funding Covenant".
Files for Download or Pages for Viewing
StewFundCovenant-Commentary121023.docx (286.0 KB)
StewFundCovenant-Commentary121023.pdf (527.0 KB)
StewFundCovenant-Model120814b.pdf (214.0 KB)
StewFundCovenant-Model120814b.docx (48.0 KB)
http://conserveland.org/modeldocs
Item type(s): Model
Topic tags: Conservation Easements, Stewardship Funding Arrangements
Related guides: An Introduction to Stewardship Funding Arrangements, Conservation Easement, Legal Considerations for Stewardship Funding Arrangements, Model Conservation Easement, Model Legal Documents, Pledges and Donation Agreements
Last modified by Elana Richman














Comments
The provision granting to the holder a percentage of the proceeds of a timber sale raises several issues —
*The way the section is worded implies that the holder will directly undertake activities such as insuring reforestation and E & S control/remediation. Those would more appropriately be addressed in the resource management plan and its review and approval and be the responsibility of the owner or timber sale contractor.