WHAT MAKES A GOOD APPLICATION?

Morris County Open Space and Farmland Preservation Trust Fund WHAT MAKES A GOOD APPLICATION?

Morris County Open Space and Farmland Preservation Trust Fund Walter P. Krich, Jr. Frank Pinto Thomas Kline, OSTF Chairman Barbara Murray, OSTF Coordinator

Morris County Preservation Trust Fund • History of Morris County’s Trust Fund • Application Process • Changes in 2006 • Qualities of Successful Applications • Application Form • Property Tour • Committee Presentation • Future Direction

Morris County Preservation Trust Fund www.MorrisPreservation.com

Morris County Preservation Trust Fund • Established 1992 by voters • Fund commenced on July 1, 1993 • Rate set annually by Board of Chosen Freeholders • Currently 4.5 cents per $100 assessed property value • Approximately $40 million in 2006 for all preservation programs www.MorrisPreservation.com

Morris County Preservation Trust Fund Funded through Trust Fund: www.MorrisPreservation.com

Morris County Preservation Trust Fund • 14,765 Acres Purchased for $ 127,972,426 • 4,250 Acres Pending for $ 54,505,363 19,015 Total Acres Funded for $ 182,477,789 www.MorrisPreservation.com

Morris County Preservation Trust Fund 19,015 acres is: • Larger than Chester Township (18,854 acres) - and – • The approximate size of: Victory Gardens + Netcong + Chester Boro. + Butler + Riverdale + Rockaway Boro. + Wharton + Chatham Boro. + Town of Boonton + Morris Plains + Dover + Mountain Lakes + Mount Arlington + Mine Hill combined! www.MorrisPreservation.com

Morris County Preservation Trust Fund Municipal/Non-Profit Program – NEW for 2006: www.MorrisPreservation.com

Morris County Preservation Trust Fund • Project Finance Sheet – Initial and Post-Appraisal www.MorrisPreservation.com

Morris County Preservation Trust Fund • Detailed information on structures • List of all structures on site • Estimated square footage of structure • Proposed use of structure • Photographs www.MorrisPreservation.com

Morris County Preservation Trust Fund • Property Owner Consent www.MorrisPreservation.com

Morris County Preservation Trust Fund • Financial History of Municipal Trust Fund www.MorrisPreservation.com

Morris County Preservation Trust Fund Closing Process • Pre-Closing • Fully-executed contract • Draft deed • Survey or metes & bounds description • Post-Closing • Executed deed (after closing and once recorded) • Final survey (plus digital format, if available) • Monthly e-mail reminder www.MorrisPreservation.com

Morris County Preservation Trust Fund Qualities of Successful Applications • Start with a plan • Complete application information • Detailed financial information • Financial commitment • Funding partnership www.MorrisPreservation.com

Morris County Preservation Trust Fund Municipal and Non-Profit, Preserved Projects: • Cumulative Total Cost of Land $ 164,563,615 • Cumulative Grants Awarded $ 64,506,033 39.2% www.MorrisPreservation.com

Morris County Preservation Trust Fund Property Tour • Show us what we’re funding! • Be organized – know what to highlight • Limited time frame www.MorrisPreservation.com

Morris County Preservation Trust Fund Committee Presentation • How likely is closing? • Is there a willing seller? • Is there a signed contract? • Status of other funding partners? • Intended use of the property? www.MorrisPreservation.com

Morris County Preservation Trust Fund Average Project Size = 37.9 acres www.MorrisPreservation.com

Morris County Preservation Trust Fund Overall Average Grant Award = $501,028 www.MorrisPreservation.com

Morris County Preservation Trust Fund Overall Median Grant Award = $375,000 www.MorrisPreservation.com

Morris County Preservation Trust Fund Future Direction • Average size of project sites is trending downward • Average grant award amount is increasing • Are program changes warranted? www.MorrisPreservation.com

WHAT MAKES A GOOD APPLICATION?