Project
Held In A Conservation Easement
The fifteen and a half acres involved in this project are
protected perpetually in a deed-recorded conservation easement.
This was a requirement of the stream mitigation, as a conservation
easement is a restriction placed on a piece of property to protect its
associated resources. In a
conservation easement, a landowner voluntarily agrees to relinquish certain
rights associated with his or her property and a private organization or public
agency agrees to hold the right to enforce the landowner’s promise not to
exercise those rights. In essence, the rights are forfeited and no longer exist.
An easement selectively targets only those rights
necessary to protect specific conservation values, such as water quality or
migration routes, and is individually tailored to meet a landowner's needs.
Because the land remains in private ownership, with the remainder of the rights
intact, an easement property continues to provide economic benefits for the area
in the form of economic activity and property taxes.
A conservation easement is legally binding, whether the
property is sold or passed on to heirs. Because use is permanently restricted,
land subject to a conservation easement may be worth less on the open market
than comparable unrestricted and developable parcels. Sometimes conservation
easements will enable the landowner to qualify for tax benefits in compliance
with Internal Revenue Service rules.
The conservation easement for the Sugar Creek two-stage
ditch project is being held by the Ottawa River Coalition.
As the holder of the easement, the Coalition serves as the third-party
administrator and local guarantor that the mitigation project and the
grant-funded project are both protected and maintained according to the original
project plans and agreements.