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Preserving our Land and our Mission

Sisters of the Holy Family. Preserving our Land and our Mission. 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?. Site = 9.186 acres. Consultants. $302,000 - $144,000 =

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Preserving our Land and our Mission

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  1. Sisters of the Holy Family Preserving our Land and our Mission

  2. Our Challenge is to investigate options for preserving the land in its current state. Our Challenge

  3. A Progress Report…

  4. What is the Cost to Preserve? Site = 9.186 acres Consultants $302,000 - $144,000 = (Maintenance) (Lease Revenue) $158,000 Annually $2,525,000 – 20 yrs. Add: $1,060,103 (Capital Reserves) $3.59 Million

  5. Outreach and Education It takes time to Reach Out & Educate RFP is really a search for Interested Parties Launched Website palmdale.dcgdev.com RFP Available for Download

  6. 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

  7. Tracking our Activity

  8. Tracking our Activity

  9. Tracking our Activity Brokers ALSO represent Preservation and Historic Organizations

  10. Personal Outreach • 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… National Trust Community Investment Co.

  11. Our Plan… 6 month Exposure & Screening Period • Interview “Interested Parties” • Ascertain level of interest • Evaluate proposals based on Sister’s preservation goals

  12. Preliminary Timeline…

  13. Frequently Asked Questions So what is the value of the land? • Highest and Best Valuation LESS Subjective, Mission-Oriented Considerations = Value • RFP responses will help us understand these tradeoffs.

  14. What are our Options? Donate or Sell to a Land Trust 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.

  15. Implications for Value Selling the Development Rights 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.

  16. What are our Options? Acreage Exchange & Transfer of Development Rights

  17. What are our Options? Highest and Best Use Residential Development

  18. 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.

  19. 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.

  20. Frequently Asked Questions 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.

  21. We mean this… Our Goal is to Preserve…

  22. Questions?

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