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Author: Patricia L. Pregmon, Esq. and Andrew M. Loza
Org./Source: Pennsylvania Land Trust Association
Year: 2011
Used to secure payment of deferred contributions, private transfer fees and other conservation contributions promised by present landowners and to be paid by either them or future owners. The model offers ten basic ways to structure financial arrangements. Read the commentary, not just the model document!
Files for Download or Pages for Viewing
ConFundCovenant-Model111207.doc (68.0 KB)
ConFundCovenant-Commentary111111.doc (219.0 KB)
http://conserveland.org/modeldocs
Item type(s): Model
Topic tags: Conservation Easements, Transfer Fees & Stewardship Contributions
Related guides: Conservation Easement, Model Conservation Easement, Model Legal Documents, Pledges and Donation Agreements, Riparian Buffer Protection Agreement, Stewardship Fees: Binding Future Owners to Present Promises
Last modified by Andy Loza

















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.