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HomeMy WebLinkAbout027 11 STATE OF W ASHINGTOl'i County of Jefferson Dedication of Conservation Futures Funds to the Winona Basin - Bloedel Project as Authorized by 84.34 RCW and in Accordance with Jefferson County Code Section 3.08.030(7) to Provide a System of Public Open Spaces 1 I } 1 I } } RESOLUTION NO. 27-11 WHEREAS. conservation futures tax lcvy collections, authorized under RCW 84.34.230 are an important means of retaining community character and accomplishing the open space policies and objectives of the Jcfl'erson County Comprehensive Plan that encourage the coordinatcd acquisition of key open space lands for long-term protection; and WHEREAS, Jetl'crson County is authorized by RCW 84.34.210 and 84.34.220 to acquire open space land, agricultural and timber lands as defined in RCW 84.34.220; and WHEREAS, the Conservation Futures Citizen Oversight Committee has reviewed project applications for 20 I I and made its funding recommendations to the Board of County Commissioners in accordance with Jetl'crson County Code Chapter 3.08; and WHEREAS, under the provisions of the Jefferson County Conservation Futures Program, the .J cfl'erson Land Trust, as project applicant and sponsor, requests funding towards the protection of seven lots of vacant land in Sec. 33, T. 31:--J, R. I W with Assessor's Parcel Number 951902402 through fee-simple acquisition; and WHEREAS, the County relies on the recommendation from the City of Port Townsend that the City retains enough developable land to accommodate the Winona Basin - Bloedel Project as well as the housing and employment growth that it is expected to receive, thus satisfying the requirements of Chapter 449, Laws of 2005; and WHEREAS Jefferson County considers it in the best public interest to contribute to this open space proj eel. NOW THEREFORE BE IT RESOLVED. that: I. Jefferson County hereby dedicates up to $42, 100 in conservation futures funds for acquisition expenses contingent on a matching contribution of no less than the amount of conservation tutures funds requested. Resolution No. 27-11 re: Dedication ofConscrvation Futures Funds to the Winona Basin - Bloedel -..- Project 2. J eflerson County hereby dedicates up to $600 in conservation futures funds to reimburse for operations and maintenance expenses incurred within ten years of the signing ofthis resolution contingent on a matching eontrihution of no less than the amount of conservation futures funds requested. 3. This dedication of funding may be nullitlcd if a submittal for reimbursement, accompanied by documentation of matching funds sufficient to complete the acquisition, is not received from the sponsor within three years of the signing of this resolution. APPROVED AND ADOP1ED this if day of Washington: \ 0-" ,2011 in Port Townsend, SEAL: . ~ y\. . ., " JEFFERSON COUNTY BOARD O~SSIONERS Joh Aus in. C~ir I "'k1 U! I ~son~1 ~ \. \ .".,,:- :;. '.. ATTEST: Lorna Delaney, CMC Clerk of the Board David Sullivan, Member 3E..SON;.;..o.0~ 2011 Jefferson County Con~e!",:,ation Futures Program \- .. '~~~~ Property AcquIsition and/or %s~~'o+ Operations and Maintenance Project Application Please complete the following application in its entirety. Unless directed othern'ise, use as much space as needed to answer each question. Incomplete applications will not be accepted for consideration. 1. Project Title: Winona Basin - Bloedel 2. Conservation Futures Acquisition Request: $42,100.00 3. Conservation Futures O&M Request: $600.00 4. Please indicate the type of iuterest contemplated in the acquisition process. X Warranty Deed Easement _ Other (Please describe below.) In whose name will the property title be held after acquisition? City of Port Townsend 5. Applicant Information: Namc of Applicant or Organization: City of Port Townsend Contact: Rick Sepler Title: Director of Development Services Address: 250 Madison Street, Port Townsend, WA 98368 Phone: (360) 379-5081, ext. ~ax: (360) 344-4619, ext._ Email: rsepler@cityofpt.us 6. Sponsor Information: (ifdijferent than applicant) Organization Name: Jefferson Land Trust Contact: Sarah Spaeth Title: Executive Director Address: 1033 Lawrence Street, Port Townsend, WA 98368 Phone: (360) 379-9501, ext. 101 Fax: (360) 379-9897 Email: sspaeth@saveland.org This application was approved by the sponsor's legally responsible body (e.g., board, council, etc.) in public meeting on February 15, 2011. hrtp:/ Iwww.co.jefferson.wa.us/commissioncrs/Conservatiol1lconservation.asp 7. Site Location Street Address or Description of Location: Seven lots in Fowler's Park Addition Section of Quimper Wildlife Corridor will be acquired with CFF and community funding. These are adjacent to parcels acquired with 2009 CFF funding that contains banked match value. Driving Directions from Port Townsend: Drive north on San Juan Avenue. Turn left as it joins 49th Street, continue past the county fairgrounds and turn left on Cook Avenue at the 53rd Sl. and Cook intersection. Properties are located on the east side of Cook Avenue, south of Peary Avenue. Section: 33 Township: 31 N Range: 1W Assessor's Parcel Number(s): 951 902402 8. EXISTING CONDITIONS New Site: Yes No X Number of Parcels: 7 50xlOO ft lots Addition to Existing Site: Yes X No Total Project Acreage (if different): Existing Structures/Facilities: none Any current covenants, easements or restrictions on land use: none Acres to Be Acquired: approx 1 Current Zoning: vacant land Current Use: vacant wetland buffer and wildlife habitat, mature forest Waterfront (name o.!hady afwater): n/a Shoreline (linear feet): n/a Owner Tidelands/Shorelands: n/a 9. Current Property Owner X is _is not a willing seller. 10. In one-half page or less, provide a summary description ofthe project, the match, overarching goal, and three top objectives. The City of Port Townsend, Jefferson Land Trust and Jefferson County have been working with the community since the mid 1990's to protect a ribbon of green across the Quimper Peninsula, connecting a series of wetlands, forests and floodplains that provide habitat for over 200 bird species, amphibians and mammals. The Winona Basin area has high diversity of habitat and wildlife species and qualifies as a priority habitat under the Washington Department of Fish and Wildlife Priority Habitat and Species Program. Most of this area of the City was platted into 50 x 100 lots in the 1880's and development pressures in the area are high. Purchase of the floodplain, forest and upland parcels in the Winona Basin will protect the high quality habitat and further the efforts to connect this area with other important habitat areas that extend from the City into Jefferson County and across the Quimper Peninsula. http://www.cojefferson.wa.us/comrniss ioncrs/Conservationl conservation. asp 3 This project will allow project partners to build on the most recent habitat protection accomplished in 2009 with CFF and community funding. With this current effort we hope to acquire remaining critical floodplain and upland habitat in the Winona Basin area that has been identified as Tier II priority in the Quimper Wildlife Corridor concept. A landowner of Tier II parcels has been negotiating with JL T for years and the lots available for acquisition for this grant cycle include Lots 11 -17 in Block 24, Fowler's Park Plat. Remaining lots in Block 24 and other adjacent parcels, including Lots 3 - 8 and 23, 24 in Block 18 were acquired in 2009 by the City of Port Townsend. Match for this application includes community cash contributions and additional donated land value for lots in Block 18 above the estimated value from the 2009 QWC CFF application that qualifies as match under the CFF Ordinance. The three top objectives for this project are: 1) Acquire high priority threatened properties from the willing seller. 2) Permanently protect the properties as wild open space. 3) Leverage community funds through Conservation Futures Funding and utilize banked match. from the 2009 QWC Winona Basin proposal. 11. Estimate the total site acquisition costs below, including the cost for the entire property or property right, even if Conservation Futures funds will only cover a portion of that total cost. In the case of projects involving multiple acquisitions, please break ont appraisals and estimated acquisition costs by parcel. Total Estimated Acquisition Cost: $94,600 (includes $52,500 appraised value of lots to be acquired AND $42,100 in value of banked land match) Total Estimated Acquisition~related Cost (see Eligibility Checklist): $5,000 Total Operation and Maintenance Cost: $1,200 Total Project Acquisition Cost: $99,600 Basis for Estimate (include general description of operation and maintenance work to be performed, task list with itemized budget, and anticipated schedule for completion of work): An appraisal for the seven lots to be purchased in 2011 was conducted by Ralph Ericksen of Consultants NW Arbdol, INC on February 25th, 2011. These lots are valued at $52,500. Block 18 lots gifted to the City of Port Townsend in 2009 exceeded the estimated value of $40,000 listed in the 2009 CFF application by $49,000 at the time of the gift (total value of $89,000). Estimated current value of these lots is $93,500. Operations and Maintenance costs include hard costs associated with Jefferson Land Trust's annual monitoring of the protected property. The estimated time involved is 3 hours of on-site visit and data update in office on an annual basis in perpetuity. This is in accordance with the recommendation by Land Trust Alliance for annual monitoring of properties, since the property would be owned outright and development completely prohibited. For the purposes of O&M budget for this grant, we are only considering 8 years of monitoring. O&M Budget: 3 hours@ $50 per hour annually for 8 years = $1,200 Jefferson Land Trust will be contributing $600.00 for O&M costs. http://www.co.jefferson.wa.us/commissioners/Conservation! conservation. asp 4 o & M fees would be invoiced on an annual basis up to the allowable amount 12a. Sponsor or other organizations X will _will not contribute to acquisition of proposed site. b. If applicable, please describe below how contributions from groups or agencies will reduce the need to use Conservation Futures program funds. Jefferson Land Trust will be providing matching dollars to this project In addition Jefferson Land Trust is requesting use of additional banked match from the 2009 QWC CFF grant, according to the CFF Ordinance and guidelines. This match comes from the excess value of donated properties that exceeded the values anticipated in the 2009 grant application. According to the CFF code for match requirements "other open spaces acquired within the previous two years that is situated either directly adjacent to or could, in the sole discretion of the county, be directly linked to the property under application." c. Matching Fund Estimate Amount Percental!e Conservation Futures Funds Requested $42.100 aCQ + $600 O&M 42 % Matching Funds/Resources $42.100 banked land value + 16.000 cash 58 % Total Project Acquisition Cost $99.600 + 1.200 O&M 100% d. Source of matching Amount of Contribution If not, Contribution If not, funds/resources contribution approved'! when? available now? when? Banked land value-2009 awe proiect $42.100 Yes No Yes No JL T cash -aCQ S15,400 Yes :"/0 Spring 2011 Yes No Spring 2011 JL T Cash - O&M $600 _ Yes No Spring 2011 Yes No Spring 2011 $ Yes No Yes No NOTE: Matchingfundl' are strongly recommended and a higher rating will be assigned to those projects that can guarantee additional resources for acquisition. Donation of property or a property right will be considered as a matching resource. Donation o/resources for on-going maintenance or stewardship will not be considered as a match. 13a.Sponsoring agency X is _is not prepared to provide long-term stewardship (maintenance, up-keep, etc.) for the proposed project site. The City and Jefferson Land Trust anticipate a stewardship program of annual monitoring to insure that the properties remain forever wild, that no building or development has occurred, that no trash has accumulated, and that no noxious weeds have invaded the property. Jefferson Land Trust Staff and trained community volunteers will conduct monitoring, maintenance and restoration efforts and are already monitoring adjacent properties. The Land Trust relies on trained professionals, including habitat biologists, foresters and others as appropriate. http://www.co.jefferson.wa.us/commission ers/ConservationJ conservation. asp 5 b. Describe any existing programs or future plans for stewardship ofthe property, including the nature and extent of the commitment of resources to carry out the stewardship plan. The Land Trust will conduct stewardship, monitoring and maintenance of the properties along with the rest of the Quimper Wildlife Corridor according to the Quimper Wildlife Corridor Management Plan (City of Port Townsend Ordinance 2976). The Land Trust's stewardship program includes annual monitoring (at least) of protected properties and easements, upkeep and maintenance (trash removal, signage, invasive plant control) and restoration efforts (tree planting, trail building, etc.) Jefferson Land Trust currently stewards over 9800 acres in Jefferson County. JeffersonLand Trust received private foundation funds for development of a docent program and developing a "Friends of the Corridor" group for stewardship activities. Friends of the Corridor and community volunteers have in the past been involved in Scotch broom removal and are available to help with other stewardship activities. 14. Describe the sponsoring agency's previous or on-going stewardship experience. The Land Trust is the only local organization or agency that has a monitoring and stewardship program for conservation easements and preserved properties, developed wtth the guidance of The Land Trust Alliance and utilized effectively for 21 years. 15. Has the sponsor and/or applicant of this project been involved in other projects previously approved for Conservation Futures funding? a. No, neither the sponsor nor applicant has been involved in a project previously approved for Conservation Futures funds. . b. X _Yes, the sponsor and/or applicant for this project has been involved in a project previously approved for Conservation Futures funds. Please provide details: Jefferson Land Trust has sponsored numerous applications that have received Conservation Futures funds. These projects include: Sunfield Farm, 2003; Quimper Wildlife Corridor, 2004; East Tarboo Creek Conservation Project, 2005; Tamanowas Rock Phase 1, 2006; the Winona Buffer Project, 2006; Glendale Farm, 2007, and Finnriver Farm, 2008, Quimper Wildlife Corridor and Brown Dairy 2009, Tamanowas Rock and Salmon Creek, 2010. 16a. Property X can _cannot feasibly be acquired in a timely fashion with available resources. b. Necessary commitments and agreements X are _are not in place. c. All parties X are _are not in agreement on the cost of acquisition. If "not" to any of the ahove, please explain below. Landowner is a willing seller. Matching resources will be available this spring for purchase of the seven lots proposed for acquisition. 17. The proposed acquisition _X_is specifically identified in an adopted open space, conservation, or resource preservation program or plan, or community conservation effort. Please descrihe below. including the site's importance to the plan. Please provide a copy of the plan with the application. http:/hNww.ca.jefferson. wa.uslcommissioners/Conservationl conservation.asp 6 _complements an adopted open space or conservation plan, but is not specifically identified. Please describe below, and describe how the proposed acquisition is consistent with the plan _is a stand-alone project. The properties in the Winona basin identified as Tier I and Tier II for acquisition were indicated in the Quimper Wildlife Corridor Management Plan that was adopted by the City of Port Townsend on May 19, 2008, Ordinance 2967, This management plan is available at the City's website, hltp: Ilwww.citvofpt.us/dsd/planninq . asp. The entire Quimper Wildlife Corridor lies in the area recognized in Jefferson County's Comprehensive Plan map as Parks, Recreation Areas, Conservation Easements and Areas for Future Cooperative Preservation Efforts. It is also recognized in the City of Port Townsend Comprehensive Plan, and the Parks and Open Space Plan. The Land Trust, the City of Port Townsend, Jefferson County, state agencies, the local Audubon and Native Plant Society Chapter, and US Fish & Wildlife have been partnering on.the project since the mid 1990's. These parcels have been identified in the acquisition priorities of the project since the beginning due to the wetland, floodplain, buffer and upland forest values, htto:llwww.co.jefferson.wa.us/idms/odfs/oarks99.odf Jefferson Land Trust's newly adopted Conservation Plan for Jefferson County, prepared with the input of many community members, speCifically identifies the Quimper Wildlife Corridor. The plan is located on the JL T website at www.saveland.orq. IS, List the important milestones for this project. Milestones include securing CFF funding and community contributions in Spring of 2011. Acquisition of the land will take place after funding is secured 19. Conservation Opportunity or Threat: a. The proposed acquisition site L.does _does not provide a conservation or preservation opportunity which would otherwise be lost or threatened. b. If applicable, please carefully describe the nature and immediacy of the opportunity or threat, and any unique qualities about the site. Landowner has been negotiating with JL T for 14 years and has finally agreed to sell her lots in Fowlers Park Addition. She owns an additional 22 lots in the area and is interested in selling these parcels as well when the funding becomes available. JL T and the City of Port Townsend applied to the State Urban Wildlife Habitat grant program in 2009 for acquisition of these parcels and others nearby and funding for the proposal is unlikely due to the State budget situation. 20. Describe the physical characteristics of the site that is proposed for acquisition with Conservation Futures Program funds including: vegetation, topography, surrounding land use, and relationship to parks, trails, and open space. As with our 2009 application, the City and Jefferson Land Trust are currently focusing acquisition efforts in the highest-priority portion of the QWC that extends east from Cook Avenue into the http://www.co.jefferson.wa.us/commi ss ioners/Conscrvation/ conservation.asp 7 Winona Wetland basin (see work-site area map). The Winona Basin of the corridor contains 4 category II and III wetlands and mixed mature native forest with some of the iargest fir trees on the North Ouimper Peninsula. Most of the project area is in low lying bottom land, though the topography drops steeply from Cook Avenue down to the east into the basin. The Tier ii parcels proposed for acquisition with this application contain additional wetland buffer and forest habitat, provide a buffer from encroaching development and help provide links between protected properties This Winona Basin area was identified in the OWC Management Plan as having some of the highest habitat values in all of the QWC. This area has the longest contiguous stretch of habitat, with no road or highway interruptions. The Winona Basin is considered a vital component of the Quimper Wildlife Corridor due to the diversity of wetland, mature forest, snags and floodplain providing habitat for multiple species. The majority of Winona and TeePee Wetland iots and 1 DO-year floodplain parcels between them are permanently protected through City and Land Trust ownership. Remaining wetland, wetland buffers and floodplain forest connections between Winona Wetland and the Quaking Aspen Wetland to the east and additional mature forest in the basin is considered Tier I and Tier II properties for protection. All of the area was platted in the 1880's into 50 X 100 It lots, and residential development is continuing just to the north and east of the area and will continue to threaten the Winona Basin until critical parcels are acquired. Numerous trails crisscross the Winona Basin and are part of the larger network known as Cappy's Trails. Several are recognized in the City's Non- Motorized Transportation Plan. Residents and visitors alike utilize the area for passive recreational opportunities like hiking, bird watching and bike riding. 21. The proposed acquisition 2S. provides habitat for State of Washington Priority Habitat and/or State or Federal Threatened, Endangered or Sensitive species. 2S. provides habitat for a variety of native flora or fauna species. 2S..,contributes to an existing or future wildlife corridor or migration route. If affirmative in any of the above, please describe below, and cite or provide documentation of species' use. The QWC provides critical habitat in an area of looming urban development and is home to a wide variety of flora and fauna, from the humble rough-skinned newt and Calypso orchid to nearly 200 bird species and numerous small and large mammals. Protection Island, located just offshore of the western end of the corridor, is a National Wildlife Refuge and home to nearly seventy percent of the seabirds that nest and breed in aii of Puget Sound. Washington Department of Wildlife and the local Audubon Society have identified several state priority species in the QWC that are sensitive, threatened or listed. These include: Bald eagle, Peregrine Falcon, Wood duck, Great Blue Heron, Pileated Woodpecker, Band-Tailed Pigeon, Merlin, Olive Sided Flycatcher, black tailed deer, and bob cat. The corridor will allow these species and others the safety of cover to move between wetland and forest ecosystems. 22a. Describe tbe extent and nature of current and planned agricultural use of tbe proposed acquisition, including any anticipated cbanges to tbat use once tbe property, or property right, is acquired with Conservation Futures funds. None planned http://www.co.jefferson.wa.us/commissioners/ConservationJ conservation,asp 8 b. Describe any participation by current property owner in any other agricultural land conservation programs, including the program and nature of the involvement. Not applicable 23. Describe the use planned for the site, any development plans after acquisition, characteristics of the site which demonstrate that it is well-suited to the proposed use, and plans for any habitable buildings currently on the site. None planned 24a. Proposed acquisition site and any subsequent planned passive development (as described above) X is _is not partof a larger project. b.1f applicable, describe how the site relates to the larger project, and whether the project has a plan, schedule and funding dedicated to its completion. This project is part of the City of Port Townsend and Jefferson Land Trust's effort to protect valuable forest, wetland and floodplain habitat in the QWC. The parcels include wetland and buffer habitat in the connective portion of the corridor between Cook Avenue on the west and the City owned Quaking Aspen Wetland on the east. The QWC is an ambitious project spearheaded by Jefferson Land Trust and the City since the mid 1990's. The QWC is a series of wetlands, floodplains, and forested connections located on the North Quimper Peninsula in East Jefferson County, Washington. This 3.5-mile drainage course stretches from the Middlepoint Land Conservancy near Protection Island on the west side of the Quimper Peninsula to Chinese Gardens Wetland near Fort Worden State Park. The wildlife corridor links six major wildlife habitat areas, including four critical and high-priority wetlands. The wildlife corridor also contains areas of significant habitat value within the connections between the major habitat areas. In addition to protecting diverse forest habitat, wetland and buffer habitat for over 120 species of birds, migrating amphibians, small mammals and (occasionally large ones), the corridor provides protection of the City's largest drainage basin for stormwater treatment and flood contro I. The City of Port Townsend, Jefferson County, Jefferson Land Trust, Washington Department of Natural Resources, the U.S. Fish and Wildlife Service, the local Audubon Chapter, several private foundations and many community members have been working to accomplish the goals of the project. To date, the City has utilized grant funds to acquire approximately 42 acres of wetland and forested habitat in the corridor. Jefferson Land Trust has raised over $700,000 for additional acquisitions and stewardship of properties acquired. Over 300 platted lots are protected through Land Trust, City and County ownership. Project partners will continue to seek willing sellers of identified priority properties and will raise grant and community funds to protect these parcels. In addition, the 45-acre Middlepoint Land Conservancy, an aO-acre Department of Natural Resources forestland parcel being managed for old growth characteristics, privately owned Tibbal's Lake and Chinese Gardens Wetland all provide wildlife habitat and recreational opportunities 25. Describe how the proposed acquisition benefits primarily a X local area _broad county area including the area served, the nature of the benefit, the jurisdictions involved, and the populations served. http://www.co.jefferson.wa.us!commissioners/Conservationlconservation.asp 9 Protection of the wetland, buffer and floodplain habitats of the OWC provides particular benefits to local residents in that it provides storm-water filtration and floodplain retention. In general, however, protection of the OWC habitats provides benefits not only to residents of Port Townsend and surrounding county areas, but also to the many visitors to our area. The corridor is used extensively for passive recreation by the community and visitors who enjoy walking the trails, bike riding and horseback riding. The wetlands and forests of the corridor provide education opportunities for all, and have been field classrooms for the Native Plant Society, Audubon members conducting annual Christmas bird counts, and Mountain View, Blue Heron and High School Students. Realtors from allover the region taking continuing educational courses at WSU have participated in corridor field trips to understand wetland ecology. The bike trails of the corridor were identified in a national mountain bike magazine. The Land Trust has conducted numerous tours to various parts of the corridor over the last several years as part of our ongoing community outreach efforts. The project is bound to receive additional recognition as the Port Townsend area continues to grow. 26. Describe the educational or interpretive opportunities that exist for providing public access, educational or interpretive displays (signage, kiosks, etc.) on the proposed site, including any plans to provide those improvements and any plans for public accessibility. OWC continues to be utilized by numerous community groups for educational purposes, including school programs, Native Plant Society walks, and Audubon walks. Forty community members have completed a two-month OWC docent training held annually since 2008 through Jefferson Land Trust. The trained docents have provided monthly walks on existing trails since June 2008 for the public and school children, with attendance averaging 25 participants each month. Docents and other community members help with stewardship activities in the corridor as well. Land Trust volunteers are creating interpretive displays that will provide visitors to the corridor an understanding of the function of the corridor, as well directing people away from the more sensitive habitat areas. 27. The proposed acquisition _ includes historic or culturally significant resourcesl and _ is registered with the National Register of Historic Places, or an equivalent program. _ is recognized locally has having historic or cultural resources. _ is adjacent to and provides a buffer for a historic or cultural site. If affirmative in any of the above, please describe below, and cite or provide documentation of the historical or cultural resources. Not applicable 28a. Describe the extent and nature of current and planned silvicultural use of the proposed acquisition. Please cite or provide documentation of existing or planned silvicultural activities including forest management plan(s). None planned I Cultural resources means archeological and historic sites and artifacts, and traditional religious ceremonial and social uses and activities of affected Indian Tribes and mandatory protections of resources under chapters 27.44 and 27.53 RON. http://www.co.jefferson.wa.us/commissioners/Conservation/conservation.asp 10 b. Describe any participation by current property owner in silviculture conservation programs, including the program and nature of the involvement. None planned 29. Sponsors of applications that are approved for funding by the Board of County Commissioners are required to submit a brief progress report by October 30 every year for three years after the award is approved, or three years after the acquisition funds are disbursed to the applicant, whichever is later. The progress report must address any changes in the project focus or purpose, progress in obtaining matching funding, and stewardship and maintenance. Sponsors receiving O&M funds will also submit an annual report for each year that O&M funds are expended. The Committee will use the information to develop a project "report card" that will be submitted annually to the Board of County Commissioners. If this application is approved for funding, I understand the sponsor is required to submit progress reports for three years and for any year in which O&M funds are expended. '0s' Initials 2/ZZ( II Date 30. If, three years after the date funding is approved by the Board of County Commissioners, the applicants have not ohtained the required matching funds, the Committee may request the Board of County Commissioners to nullify their approval of funds, and may require the project to re-apply. If this application is approved for funding, I understand that we may he required to re-submit the application if the project sponsor does not obtain the necessary matching funding within three years. S S Initials '2(221 \ I Date 31. Are there any critical dates, e.g, grant deadlines, for your project that the Committee should know about? Please list the dates and explain their importance. Land owner is ready to sell and JL T donors are willing to contribute if grant funding is available through the CFF Program. http://w.NW.co.jefferson.wa.usicommissioners/Con~ervation/ conservation. asp 11 February 24, 2011 Sarah Spaeth Executive Director Jefferson Land Trust 1033 Lawrence Street Port Townsend, W A 98368 Dear Sarah, This letter is to indicate my interest in selling the following parcels of land for protection purposes: Tax Parcel Number: 951 902402, Fowler's Park Addition, Block 24, Lots 11 - 17. We also understand that this sale is contingent on funding from the Jefferson County Conservation Futures Program. Signed, ~~~ ~.NJ r:f~e Heidi loedel PO Box 1564 Port Tovmsend, W A 98368 '" o o <D ~ , ~ OJ ::r o 0- Z p 'jj DO sOll OJ - , _ ::r 0 o (D U ::T ' 0 o OJ'" o - (1) :::l 0 Cl. ~ ~ l> 0" gc .8 :::l "1J C ..., tn- o ;:::;: ~ o' ;:l. :::l ro" '" o:E c: -. _.::s "'0 3 0 ., ,,::sOOJ (1) Ill" - "OJoo :E1ll~~ _. tIl Q, CD Q::i')>- ="'0(')"'0 <0' .,.0 a ,.. oS!. c: "C '0 CD iii' CD .,(');::;:;::l. ., .-+ -.,< 0:)>0 o ., ::s ., CD III II ~ ~- ill II ~ o ~ ill Cl. o -n'- <1J <1J o-=< 2 ~ '" en ;:g ",r 0'" ~:J ~ Q. -j 2 ~ o o co o o ~ "+< 0, ill ~. ~% 'CIII ~ 0 ~ ,+^ > "'in :J ~ i1i "0 ~ c~ roO ...IN c:>; ~ o ~ N U> ro ~ :J '" ~ It=.D '" '" 0 -,u.. C/) Ol "C CO "0 C 0. :::J :c 0 CO ~ ~ Ol c ~ 6 CO 0.. Ol >< > ~ ~ Ol >- (/) - Ol c ~ :::J 0.. 0 ~ () :::J C - 0 CO (/) Z ~ Ol >- It= - Ol G --, D ell "'" Q) 0 c"'"-c (/) o <C .;: Ol ~.- ..... i- , 12 t:::!::UO c Ol Q) ,!!l .!!!.u 0 0. :;:; 0 il:" a.::lOQ) "00 ~ o C" "'" .... "5 0.. 4' '-uti.:: a- Ol ~ tI.<Cc:2 () "0 <! Ol 0 Qj -C '(jj ~ "0 0 15 -CQ)ell Ol CO .r: (/) 0- Q)lIla:l"'" 0 .... o 0 ell Q) 0. Ol Cii o .c .~ -a. a. ~ - a:lOCE 0..0 <( '- 0._ 0 m tl.C::l 0 ~O 0 N -----~~l Quimper Wildlife Corridor-Bloedel Properties CONSERVATION FUTURES FUNDS IllUSTRATIONS - 2011 ,~ ,,,11 ,"'Ii"-", 'J.' t',:;,.,/;,,,\~:: ,,' :'_'''~~'''~_'_ , ,r. .""'~', " i "':, ,~,~ ~~;w~, ~~;;~'-'.. -,.'i<"" '-',; ",:,,~:,""~'f:_..',>,~_,- ',- ,.,., .""'~ .'. .~--.. !,' ":.:.,::,:,', ,'~". "~"""'1'::'-:':"~;~~"''-:'' >..:, '~'"".~~"".",,-;:_"- Looking Northeast into Bloedel lots Evidence of wildlife activity INTERNAL RE\IENUE SERVICE DISTRICT DIRECTOR, 2 CUPANIA CIRCLE MONTEREY PARK, CA 91755-7406 DEPARTMENT OF THE TREAsURY Date, MAY 03 1994 Employer Identification Number: 91-1465078 Case NUmber: 954109002 Contact Person: TYRONE THOMAS Contact Telephone Number: (213) 894-2289 our Letter Dated: May 08, 1990 Addendum Applies, No JEFFERSON LAND TRPST C/O OOlJG MASON PRES PO BOX 1610 PORT TOWNSEND, WA 98368-0109 Dear Applicant: This modifies our letter of the above date in which ~ stated that you would be treated as an organization that is not a private foundation until the expiration of your advance ruling period. Your exempt status under section 501 (a) of the Internal Revenue Code as an organization described in section 5~1(c) (3) is still in effect. Based on the information you submitted, we have determined that you are not a private foundation within the meaning of section 509 (a) of the Code because you are an organization of the type described in section 509(a) (1) and 170(b) (1) (A) (vi). Grantors and contributors may rely on this determination unless the Internal Revenue service publishes notice, to the contrary. However, if you lose your section 509(a) (1) status, a grantor or contributor may not rely on this determination if he or she was in part responsible for, or was aware of, the act or failure to act, or the substantial or material change on the part of the organi.zation that resulted in your loss of sucb status, or if he or she acquired knowledge that the Internal Revenue Service had given notice that you would no longer be classified as a section 509(a) (1) organization. If we have indicated in the heading of this letter that an addendum applies, the addendum enclosed is an integral part of this letter. Because this letter could help resolve any questions about your private foundation status, please keep it in your permanent records. If you have any questions, please contact the person whose name and telephone number are shown above. Sincerel1L .:yours I ~~ - Richard R~o.Jf- District Director Letter 1050 (OO/CG) z o : ~ g ~ ~ -- '" ...,",=, ::J C <1> ~ ~ti .~ ~ '" - ::; ~. 0 ~~ ~ ~~~~ ~ -. ~ i f;1;-;"iil li~' *~ - 0.:< S" ~ 3 '" Q. :g *~. ~ "", fJ> _~:a ~g~ ::>"";:> _0. " . , )<=t'" nO. . , . ~~ ~ , ro c ET:-i:':g. -".([1 -.' ii!.:=' g R 3' ~ ~~ <<>"'--.:::l -;....:'i@~ !(ii g:-g. ~ Z ~ JJ ~~:g:;g~ HH!t - ~ &: ~w~ ~ ":llg:-g (1;0-"''<: i.i~1 (1)0,'" nSCt ?~ z ~ . 1'--o<ll""o!O[Cl:;lJ ~ ~~. ~ s ~ Q-gUl.'" roo ~ o' 0._'" 0' ii c ::l Q g. ~ O'~. _::J::JC:::; ~~"-frg. ~ g.~ ~ ::J ~5~g@' ::J ::J r;l '" "" r;; _~ ~ ?J 3 !!l. 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D 0 ~ 0 0 0 0 0 0 c 0 0 0 8 0 8 g " " 0 " " D 0 D 0 g D " 0 0 0 0 0 0 0 0 0 0 0 0 0 0 " N N ~ N ~ ~ , .~ " ." 0 N .w ~ N 0 ~ " N " '" ;. .0 ;. .. ~ ~ N 0 W ;j 0 N ~ , " 0 ~ N N 0 0 0 0 0 D 0 ::; 0 " 0 0 0 0 0 0 0 0 0 0 0 0 ~ 0 W N N ~ N ~ ~ 0 0 ~ " g .~ 0 ." 0 .w ~ N 0 0 ~ ~ W .N 0 g> bo ;; '-' " ~ ;. bo ;. bo bo D D g '-' ~ .0 N ;. ~ ;0 .0 .0 ~ ~ 0 W N 0 N ~ a 0 ~ 0 ~ ~ 0 0 0 g g g g 0 0 ~ ." 0 ~ w 0 0 a 0 0 0 0 0 0 0 0 0 0 " 8 b 8 " 0 0 8 8 8 8 D " 8 8 0 0 8 0 8 0 8 0 is g 8 0 "& 0 0 0 0 0 0 0 0 0 0 0 0 0 Owen Fairbank, President Jefferson Land Trust 2011 Board of Directors Ginny Chamberlin, Vice-President Joanne Tyler, Treasurer Kathryn Lamka, Secretary Gary Keister Suzanne Learned Glenda Hultman Steve Moore Rodger Schmitt l ~ .... "'"' ;.. = = ......= rflu .... '" - = = ;.. :: Eo-< 0 .- '0.... :: ~ = .- .J ; :: e1I o ;.. ~o ~.... "'"' ..... ~c ~ N /L JEFFERSON LAND TRUST AND SUBSIDIARY Consolidated Financial Statements and Independent Accountants' Review Report December 31, 2008 Table of Contents Page Independent Accountants' Review Report Consolidated Financial Statements: Consolidated Statement of Financial Position Consolidated Statement of Activities Consolidated Statement of Cash Flows Notes to Consolidated Financial Statements Supplemental Information: Consolidated Statement of Functional Expenses 2 3 4 5 -12 13 Independent Accountants' Review Report Board of Directors Jefferson Land Trust and Subsidiary Port Townsend, Washington We have reviewed the accompanying consolidated statement of financial position of Jefferson Land Trust and Subsidiary (collectively, JLT, a nonprofit organization) as of December 31, 2008, and the related consolidated statements of activities and cash flows for the year then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these consolidated financial statements is the representation of the management of JL T. A review consists principally of inquiries of JL T personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with auditing standards generally accepted in the United States of America, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying consolidated fmancial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America. Our review was made for the purpose of expressing limited assurance that there are no material modifications that should be made to the fmancial statements in order for them to be in conformity with generally accepted accounting principles. The information included in the accompanying statement of functional expenses on page 13 is presented only for supplementary analysis purposes. Such information has been subjected to the inquiry and analytical procedures applied in the review of the basic financial statements, and we are not aware of any material modifications that should be made thereto. f!L~~ jJS Certified Public Accountants Bellevue, Washington June 12,2009 JEFFERSON LAND TRUST AND SUBSIDlARY Consolidated Statement of Financial Position December 31,2008 Assets: Cash and equivalents $ 559,515 Investments (Note 2) 240,345 Accounts receivable 123,737 Pledges receivable (Note 3) 468,328 Prepaid 30,000 Land, conservation easements, and purchase options: Habitat land 388,303 Working land 325,432 Open space land 167,093 Conservation easements 35 Land purchase option 30,000 Total land, conservation easements, and purchase options (Note 4) 910,863 Furniture and equipment, net of depreciation of $7,856 5,351 Total Assets $ 2,338,139 Liabilities and Net Assets: Accounts payable $ 13,798 Accrued expenses and deferred revenue 30,136 Long-term debt (Note 5) 223,061 Total Liabilities 266,995 Net Assets: Unrestricted (N ate 7): Undesignated 270,369 Board designated 841,933 Total unrestricted net assets 1,112,302 Temporarily restricted (Note 8) 958,842 Total Net Assets 2,071,144 Total Liabilities and Net Assets $ 2,338,139 See accompanying note;..\' and accountants' report. - 2- JEFFERSON LAND TRUST AND SUBSIDIARY Consolidated Statement of Activities For the Year Ended December 31, Z008 Unrestricted Temporarily Restricted Total Revenue, Gains and Losses: Gifts and contributions $ 346,227 $ 594,436 $ 940,663 Fair value of easement acquistions 1,198,820 1,198,820 Grants and contracts 160,336 160,336 Special events income, net of expenses of $17,427 85.359 85,359 Net loss on investments (54,106) (54,106) Gain on sale of habitat land property 94,182 94,182 Rental income 21,615 21,615 Release from purpose restriction 30,941 (30,941) Total Revenue, Gains and Losses 1,883,374 563,495 2,446,869 Expenses: Program 1,604,890 1,604,890 General and administrative 121,282 121,282 Fundraising 46,341 46,341 Total Expenses 1,772,513 1,772,513 Change in Net Assets 110,861 563,495 674,356 Beginning of year net assets, as adjusted (Note 9) 1,001,441 395,347 1,396,788 End of Year Net Assets $ 1,112,302 $ 958,842 $ 2,071,144 See accompanying notes and accountants' report. - 3 - JEFFERSON LAND TRUST AND SUBSIDIARY Consolidated Statement of Cash Flows For the Year Ended December 31,2008 Cash Flows from Operating Activities: Change in net assets $ 674,356 Adjustments to reconcile change in net assets to net cash provided by operating activities: Depreciation and amortization 1,720 Donated land and easements (38,930) Realized and unrealized loss on investments 71,294 Gain on sale of land (95,362) Changes in assets and liabilities: Accounts receivable (64,822) Pledges receivable (159,340) Accounts payable 11,414 Accrued expenses 13,256 Net Cash Provided by Operating Activities 413,586 Cash Flows from Investing Activities: Purchases of investments (7,838) Proceeds from sale of investments 5,245 Purchases of land and land purchase option (161,426) Proceeds from sale of land 126,180 Purchases of furniture and equipment (823) Net Cash Used by Investing Activities (38,662) Cash Flows from Financing Activities: Payments on long term debt (3,049) Net Cash Used by Financing Activities (3,049) Net Change in Cash and Cash Equivalents 371,875 Cash balance, beginning of year 187,640 Cash Balance, End of Year $ 559,515 Supplemental Disclosure of Cash Flow Information: Cash paid for interest $ 18,566 See accompanying notes and accountants I report. - 4- JEFFERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 1 - Organization and Summary of Significant Accounting Policies Organization - Jefferson Land Trust (the Land Trust) is a Washington nonprofit corporation, formed on April 7, 1989. The Land Trust's purpose is to acquire, preserve and manage open space lands and easements for land conservation purposes benefitting the public. The Land Trust also provides information and materials to the public on land conservation issues. The Land Trust serves Jefferson County on the Olympic Peninsula in Washington. The Land Trust has been accredited by the national Land Trust Alliance as of August 5,2009. On September 5, 2007, JL T Resources, LLC was formed with Jefferson Land Trust as its only member. JL T Resources, LLC was formed for the purpose of purchasing and holding land for conservation purposes. Summary of Significant Accounting Policies: Principles of Consolidation, These financial statements consolidate the statements of Jefferson Land Trust and JL T Resources, LLC (collectively, "JL T'). Inter-organization balances and transactions have been eliminated in consolidation. Basis of Accounting - The financial statements of JL T have been prepared on the accrual basis of accounting. Basis of Presentation - Net assets and revenues, expenses, gains and losses are classified based on the existence or absence of donor-imposed restrictions. Accordingly, the net assets of JL T and changes therein are classified and reported as follows: Unrestricted Net Assets - Include all net assets on which there are no donor-imposed restrictions for use, or on which donor-imposed restrictions were temporary and have expired. Temporarilv Restricted Net Assets - Include all net assets subject to donor-imposed restrictions that will be met either by actions of JL T or the passage of time. Permanentlv Restricted Net Assets - Include all net assets received by donations wherein the dDnors impDse a permanent restrictiDn on the use Df the gift. The dDnors require the gift tD be invested and only the income from such investments may be used tD support the intended cause. JL Thad nD permanently restricted net assets as of December 31 , 2008. All dDnor-restricted SUPPDrt is repDrted as increases in temporarily or permanently restricted net assets. depending on the nature of the restriction. When restrictions expire (that is, when a stipulated time restriction ends or purpose restriction is accDmpiished), tempDrarily restricted net assets are reclassified tD unrestricted net assets and reported in the statement of activities as net assets released from restriction. Gifts of equipment are reported as unrestricted support unless explicit dDnDr stipUlations specify hDW the donated assets must be used. Gifts of IDng-lived assets with explicit restrictions that specify how the assets are to be used and gifts of cash or other assets that must be used to acquire long-lived assets are reported as restricted support. Absent explicit dDnDr stipulatiDns about how IDng those long-lived assets must be maintained, expirations Df donor restrictions are reported when the donated or acquired long-lived assets are placed in service. - 5- JEFFERSON L4ND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 1 - Continued Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents - For repcrting purposes, JL T considers all unrestricted highly liquid investments with a purchased maturity of three months or less to be cash equivalents. Concentrations - JL T maintains its cash in bank deposit accounts with one financial institution. JL Ts cash balances may, at times, exceed federally insured limits. One donor's pledge represented approximately 43% of pledges receivable at December 31, 2008. Investments - Investments in marketable securities With readily determinable fair values and all investments in debt securities are valued at their fair values in the statement of financial position. The carrying amount of the investment held in trust is determined by the trustee holding the securities. Unrealized gains and losses are included in the change in net assets. JL T has established a designated fund at Jefferson County Community Foundation. As JL T has designated itself as the beneficiary of the fund, the fund balance and activity are reported in the financial statements of JL T as required by generally accepted accounting principles. Accounts Receivable - Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Balances still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to trade accounts receivable. Changes in the valuation have not been material to the financial statements. Grants and Contracts - JL T receives grants and contracts from federal, state, and local agencies, as well as from private organizations, to be used for specific programs or land purchases. The excess of grants receivable over reimbursable expenditures to-date is recorded as deferred revenue. Furniture and Equipment - Furniture and equipment are capitalized at cost if purchased, or, if donated, at the approximate fair value at the date of donation. When retired or otherwise disposed of, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference, less any amount realized from disposition, is reftected in earnings. Maintenance and repairs are charged to expenses as incurred. Costs of significant improvements are capitalized. JL T provides for depreciation using the straight-line method over the estimated useful lives of the assets of five to ten years. - 6- JEFFERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 1 - Continued Land and Easements - JL T records acquisitions of land at cost if purchased. Land acquired through donation is recorded at fair value, with fair values generally based on independent professional appraisals. These assets fall into two primary categories: Conservation lands - Real property with significant ecological value for habitat, open space, or working lands. Stewardship programs of JL T manage these properties to protect the natural biological diversity of the property. JL T manages its working timberland as a Forest Stewardship Council - Certified, managed forest Conservation easements - Voluntary legal agreements between a landowner and a land trust or government agency to permanently protect the identified natural features and conservation values of the property. These easements may be sold or transferred to others so long as the assignee agrees to carry out, in perpetuity, the conservation purposes intended by the original grantor. Conservation easements owned by JL T protect habitat, open space and working lands, such as family farms, through its stewardship programs. Easements acquired represent numerous restrictions over the use and development of land not owned by JL 1. Since the benefits of such easements accrue to the public upon acquisition, the fair market value of easements acquired is shown in the year of acquisition as an addition to net assets to record the donation of the easement, and unless conveyed to a public agency for consideration, shown as a reduction in net assets to record the value of the public's benefit and to recognize that these easements have no marketable value once severed from the land and held by JL 1. Easements held by JL T are carried on the statement of financial position at $1 each for tracking and accounting purposes. Easements valued at $1,198,820 were donated to JL T during the year ended December 31, 2008. Accordingly, $1,198,820 of contribution revenue and $1,198,815 of related write down expense have been reported on the statement of activities for the year ended December 31, 2008. Federal Income Taxes - The Internal Revenue Service has determined Jefferson Land Trust and JL T Resources, LLC (a disregarded entity) to be exempt from federal income taxes under Internal Revenue Code Section 501 (c)(3). Contributions to the organizations are deductible as allowed under Section 170(b)(I)(A)(vi) of the Code. Functional Allocation of Expenses - The costs of providing the various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited. Note 2 - Fair Value Measurements In September 2006, the Financial Accounting Standards Soard ("FASS") issued FASS Statement ("SFAS") No. 157, Fair Value Measurements. SFAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements, SFAS 157 uses a fair value hierarchy that prioritizes the inputs to valuation approaches into three broad levels. The hierarchy gives the highest priority to quoted prices in active markets (Level 1 ) and the lowest priority to unobservable inputs (Level 3). - 7- JEP'FERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 2 - Continued Valuation Techniques - Financial assets and liabilities valued using Level 1 inputs are based on unadjusted quoted market prices within active markets. Financial assets and liabilities valued using Level 2 inputs are based primarily on quoted prices for similar assets or liabilities in active or inactive markets. Financial assets and liabilities using Level 3 inputs were primarily valued using management's assumptions about the assumptions market participants would utilize in pricing the asset or liability. Valuation techniques utilized to determine fair value are consistently applied Fair Values Measured on a Recurring Basis - Fair values of investments measured on a recurring basis at December 31, 2008 were as follows: Fair Value Measurements at December 31,2008 Quoted Prices Significant In Active Other Markets for Observable Identical Assets Inputs (Level 1) (Le vel 2) Significant Unobservable Inputs (Level 3! Tolal Certificates of deposit Funds held at Jefferson County Community Foundation $ $ 91,449 $ $ 91,449 148.896 148,896 $ - $ 91 449 $ 148 896 $ 240 345 A reconciliation of the beginning and ending balances for fair value measurements made using significant unobservable inputs (Level 3) follows: Beginning balance at January 1, 2008 Total losses (realized/unrealized) Withdrawals $ 221,686 (67,545) (5,245) Ending Balance at December 31, 2008 $ 148 896 Investment return for the year ended December 31, 2008 consisted of the following: Interest income Realized/unrealized loss $ 17,188 (71.294) L- /54106\ - 8- JEFFERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 3 - Pledges Receivable At December 31, 2008, JL Thad $468,328 in pledges receivable, which are to be received over a period of five years. Expected future receipts for the next five years are as follows: Years Ending December 31, 2009 2010 2011 2012 2013 $ 143,307 131,916 104,840 82,765 5.500 $ 468 328 A present value discount on pledges receivable has been determined to not be material to the financial statements. No allowance for doubtful accounts was deemed necessary by management for the promises to give based on historic experience. Note 4 - Land, Conservation Easements, and Purchase Options Land, conservation easements, and purchase options at December 31, 2008 are summarized as follows: Land: Red Dog Farm Quimper Wildlife Corridor Bulis Chimacum Creek Kilham Corner Conservation easements Land purchase option $ 333,760 243,804 125,240 139,094 38,930 35 30.000 $ 910863 - 9- JEFFERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 5 - Long-term Debt On December 18, 2007, JL T entered into a loan agreement with a commercial lender in the amount of $226,110. The loan bears interest at 8.5%, and is due in 60 monthly payments of principal and interest totaling $1,965, and a final principal payment of $202,753 on January 10, 2013. The loan is secured by the Red 009 Farm property and an Assignment of Rents from the lease described in Note 6. Principal payments on the loan are as follows: Years Ending December 31, 2009 2010 2011 2012 2013 $ 4,451 4,845 5,273 5,739 202,753 $ 223 061 Note 6 - Lease Agreements JLT has entered into an operating lease as lessee for its administrative office in Port Townsend, Washington. The lease expires in June 2010. Rent expense totaled $17,627 for the year ended December 31, 2008. Minimum lease payments for 2009 and 2010 are $16,950 and $8,475, respectively. On December 20, 2007, JL T Resources, LLC entered into a lease agreement as lessor for the Red Dog Farm property. The lease term is five years, and monthly lease payments are $1,965. The lease requires the lessee to pay all taxes and assessments relating to the property. The lease also requires the lessee to comply with a land use plan, and provides a purchase option to the lessee during the lease term. Sublease rentals to be received are as follows: Years Ending December 31, 2009 2010 2011 2012 $ 23,580 23,580 23,580 23 580 $ 94.320 - 10- JEFFERSON LAND TRUST AND SUBSIDIARY Notes to Consolidated Financial Statenrents Note 7 - Unrestricted Net Assets Unrestricted net assets ccnsisted of the following at December 31, 2008: Designated - Red Dog Farm land Designated - Quimper Wildlife Corridor land Designated - Bulis Designated - Chimacum Creek Conservation easements $ 333,760 243,804 125,240 139,094 35 Total designated Undesignated 841,933 270.369 $ 1112302 Note 8 - Temporarily Restricted Net Assets Temporarily restricted net assets ccnsisted of the following at December 31, 2008: Purpose restriction: To purchase Glendale Farm easement To purchase Gateway land For stewardship of Bulls property $ 300,000 100,000 90,514 490,514 Time restriction: Outstanding pledges 468.328 $ 958 842 Note 9 - Adjustnrents to Beginning Net Assets During the year ended December 31, 2007, JLT entered into an agreement with the Jefferson County Community Foundation (JCCF), whereby the Jefferson Land Trust Stewardship Fund (the Fund) was established. JLT transferred a total of $215,260 to the Fund. Per the terms of a Memorandum of Understanding, distributions from the Fund will be made for stewardship and legal defense of easements held by JL T. This transaction had been recognized as an expense in a prior year. It was determined during the year ended December 31, 2008 that, under the terms of the fund agreement, JLT maintains control over the fund assets and any distributions of earnings from the Fund. Therefore, an adjustment was recorded to reverse the expense and record the value of the fund and related investment earnings at December 31, 2007. As a result, beginning net assets were increased by $221,686. During the year ended December 31,2008, JL T determined that temporarily restricted funds held by JL T from previous year donations had originally been recorded as unrestricted. The temporary restriction has been recorded as of December 31,2007. As a result. beginning temporarily restricted net assets were increased by $395,347, and beginning unrestricted net assets were decreased by $395,347. -11- JEFFERSON LAND TR UST AND SUBSIDIARY Notes to Consolidated Financial Statements Note 9 - Continued During the year ended December 31, 2008, JL T determined that unrestricted funds held by JL T from a previous year donation had originally been recorded as temporarily restricted. The temporary restriction has been reversed as of December 31, 2007. As a result, beginning unrestricted net assets were increased by $37,084, and beginning temporarily restricted net assets were decreased by $37,084. During the year ended December 31, 2008, JL T determined that a portion of land held had been transferred to an outside party in a prior year, but had not been reflected as such in the accounting records. The land has been removed from the records as of December 31,2007. As a result, beginning unrestricted net assets were decreased by $7,500. During the year ended December 31, 2008, JL T determined that a portion of land had been acquired in a previous year, but had not been reflected as such in the accounting records. The land has been included in the records as of December 31, 2007. As a result, beginning unrestricted net assets were increased by $9,650 The following table sets forth the effects of these adjustments at December 31, 2007: As Previous/v RelJorted Adjustments As Adiusted Consolidated Statement of Financial Position: Unrestricted net assets Temporarily restricted net assets $ 1,135,867 37.084 $ (134,426) 358.263 $ 1,001,441 395.347 T<:>tal Net Assets $ 1172.951 $ 223 837 $ 1 396,788 Note 10 - Subsequent Events In the months following year end, JL T, along with the markets in general, has experienced significant fluctuations in its investment balances. JL T is aware there are significant pressures in the current global financial markets. JL T is vigilantly monitoring the developments in the markets and believes that it is positioned to deal with these developments should the unfavorable market conditions persist. Policy dictates maintaining the asset allocation through all markets rather than attempting market timing. -12- JEFFERSON LAND TRUST AND SUBSIDIARY Consolidated Statement of Functional Expenses For the Year Ended December 31, 2008 General and Program Administrative Fundraising Total Salanes $ 149,260 $ 61,217 $ 31,536 $ 242,013 Payroll taxes 15,121 6,097 3,170 24,388 Employee benefits 22,253 8,973 4,666 35,892 Total salaries and benefits expense 186,634 76,287 39,372 302,293 Land and stewardship expenses 130,717 136 130,853 Fair value of easement donations written down 1,198,815 1,198,815 Donation to Nordland Garden Club 6,284 6,284 Professional fees 28,045 28,045 Public awareness 12,395 12,395 Rent 10,871 4,459 811 16,141 Postage and printing 11,708 584 2,267 14,559 Travel and seminars 7,937 2,081 1,067 11,085 Office supplies 6,406 1,973 867 9,246 1 nsurance 2,443 2,465 4,908 Web design and maintenance 867 867 1,734 Telephone 2,181 894 461 3,536 Utilities 1,275 523 269 2,067 Dues and subscriptions 1,561 1,561 3,122 Depreciation 1,061 435 224 1,720 Bank fees 453 453 Interest 18,566 18,566 Other expenses 5,169 1,522 6,691 T olal Expenses $ 1,604,890 $ 121,282 $ 46,341 $ 1,772,513 I l_~ See accoumants' report. " 13 ~ SUPPLEMENTAL INFORMATION 3:38 PM 02124/11 Accrual Basis Jefferson Land Trust Profit & Loss January through December 201 0 Jan - Dee 10 Ordinary Income/Expense Income 4000 . Unrestricted L&S Income 4020 . Unrestricted Capital Campaigns 4021 . Opportunity Fund Total 4020 . Unrestricted Capital Campaigns 2.075.00 2.075.00 4040. Unrestricted Stewardship 4041 . New Contributions 4042. Interest/Dividend Income 4043 . Unrestricted Unreal Gains/loss 4040 . Unrestrjctecl Stewardship - Other Total 4040 . Unrestricted Stewardship 10.475.00 2,463.62 16.537.47 5.000.00 34,476.09 4050 . Value of Conserv Ease Received Total 4000 . Unrestricted L&S Income . 44,001.00 80.552.09 4500 . Restricted L&S Income 4510 . Restricted Land Acquis Grants 4511 . Conservation Futures 4512. State Grant Salmon Habitat 4513. State Grant Farm Land 4514. State Grant 4516 . Federal Grant Total 4510 . Restricted Land Acquls Grants 5,020.01 197,412.70 183.75 719.74 89,681.75 293,017.95 4520 . Restricted Capital Campaigns 4521 . Campaign Contributions 4524. Quimper Wildlife Corridor Total 4520 - Restricted Capital Campaigns 2.700.00 1.025.00 3,725.00 4540 .Restrlct~ Stewardship Funds 4542 . Interest Income Total 4540 . Restricted Stewardship Funds 0.00 0.00 4550 . Restricted Non-government Grant 4551 . Foundation Grants Total 4550 . Restricted Non-govemment Grant 8,000.00 8,000.00 Total 4500 . Restricted L&S Income 304,742.95 5000 . Operations Income 5100. Individual Annual Contributions 5102, Annual Membership - $0-$49 5103 . Annual Membership - $50-$99 5104. Annual Membership - $100-$249 5105. Annual Membership - $250-$499 5106. Annual Membership - $500-$999 5107, Annual Membership - $1000+ 5108. Mise Individual Donations 1.822.00 4,980.00 9,553.60 3.300.00 4,250.00 9,000.00 25,833.70 Preliminary Financial Stmnt Audited Financial Stmts Avaiiable May 2011 Page 1 of 5 3:38 PM 02/24/11 Accrual Basis Jefferson Land Trust Profit & Loss January through December 2010 Preliminary Financial Stmnt: Audited Financial Stmts Available May 2011 5109. Stewardship Operations Contr. 5113 . Workplace giving (corp matches) 5116. Membership Pledges Total 5100 . Individual Annual Contributions Jan - Dee 10 25,000.00 1.399.96 2,279.92 87,419.18 5120. Individual Multi~Vear Contrbtns 5121 . Par year Amount. $0-$49 5122. Per year Amount. $50-$99 5123. Per year Amount - $100-$249 5124 . Per year Amount ~ $250-$499 5125, Per year Amount - $500-$999 5126. Per year Amount ~ $1000+ Total 5120 . Individual Multi-Year Contrbtns 2,225,00 1,240.00 8,125.00 8,720.00 5,430.00 214,320.00 240,060.00 5300 . Capital Campaign Operations Sup 5301 . Opportunity Fund Total 5300 . Capital Campaign Operations Sup t50.00 150.00 5400 . Events Income 5410. Sales/Admission 5411 . Sales 5412. Admission 5420 . Sponsorships 5422 . Rain1est Total 5420 . Sponsorships 0.00 54,158.40 7,337.38 5,350.00 5,350.00 5430 . Fund a Need 5431 . Special Events Donations 5440 . In~Kjnd Contribution Total 5400 . Events Income 59,850.00 1 ,250.00 718.22 128,664.00 5500 . Fee for Service Income 5501 . Grant Admin/Baseline 5503 . Stewardship 5505 . Educational Seminar Programs Total 5500 . Fee for Service Income 41,503.87 4,117.00 3.067.95 48,688.82 5800 . Operations Interest/Dividend 5840 . Securities-Unrealized Gain/loss 5900 . Other 5906 . In.Kind Donations. Operations 5910. Other 5920 . Other Sponsorships T alai 5900 . Other 9,724.39 -3,124.77 2,000.00 10,015.94 2,200.00 14,215.94 Total 5000 . Operations Income 525,797.56 Total Income 911,092.60 Cost of Goods Sold Page 2 of 5 3:38 PM 02124/11 Accrual Basis Jefferson Land Trust Profit & Loss January through December 2010 6100 . Program Expenses 6101 . Advertising 6103. Facility Rental 6104. FoodlBeveragesJEntertainment 6106. PoSlage and Shipping 6107. Printing and Duplicating 6108., Travel 6109 . supplies 6110 . Other Expenses Total 6100 . Program Expenses 6200 . Land and Stewardship Expenses 6210. Acquisition and conveyance 6211 . Closing Fees 6213. Property/Easement Purch Price 6214 . Title Insurance 6215 ' Recording fees 6210. Acquisition and conveyance - Other Total 6210 . Acquisition and conveyance 6230. Land/Easement Holding Expenses 6232 . Fee Simple Fire protection fees 6233 . Fee Simple Property Taxes 6234 . Fee Simple Stewardship 6235 . Easement Stewar:dship 6237 . Other 6238. JL T Land/Stewardship Expenses 6239 . Value of Conserv Eas Wrttn Own Total 6230 . Land/Easement Holding Expenses Total 6200. Land and Stewardship Expenses 6300 . Professional services 6303 . Appraisals 6304. Environmental Assessments 6305 ' Land Consulting 6306 ' Legal 6307 . Mapping 6308 . Surveys 6310. Other Professional 6311. LandWorks Consulting Total 6300 . Professional services Total COGS Gross Profit Expense 7000. Operations Expense 7100 ' Admin Office Expenses Jan - Dee 10 930.00 2,618.60 13,269.89 2,008.35 9,363.65 1,750.81 1.205.43 2,382.25 33,528.98 379.40 0,00 108.40 428.00 284.00 1,199.80 73.04 1,272.68 120.00 62,940.39 45.00 11,237.44 43.999.00 119,687.55 120,887.35 35,501.36 4,000,00 51.710.05 -100.00 2,100.00 2,104.00 51,015.65 2,000.00 148,331.06 302,747.39 608,345.21 Preliminary Financial Stmnt: Audited Financial Stmts Available May 2011 Page 3 of 5 3:38 PM 02124/11 Accrual Basis Jefferson Land Trust Profit & Loss January through December 2010 Preliminary Financial Stmnt: Audited Financial Stmts Available May 2011 7101 . Accounting/Boekeeping Services 7102 . Advertising 7103. Bank Service Charges 7104 . Insurance 7105 . Internet 7108 . Credit Card fees ~ Nova 7109 . Depreciation 7110. Equipment/furniture purchase 7111 . Equipmentifurniture maintenance 7113 . Donor Data Base 7114. Office Supplies 7115. Postage and shipping 7116. Printing and duplicating 7117. Rent 7118. Telephone 7119 . Travel 7120. Utilities 7122 . Web Design/Maintenance 7123 . Other 7125. Dues & Subscriptions 7126 - Food & Entertainment 7128 . Pay Pal Fee 7129. Management Fee 7130 . Donations 1131 - Finance Charges/Late Fees 7190 . Unfulfilled Pledges Total 7100 . Admin Office Expenses Jan ~ Dee 10 16,455.00 361.75 439.10 2,619.00 847.50 3,282.32 1 .339.03 1,002.21 489.88 3,937.95 1,118.35 708.73 1,463.14 17,357.9<J 2,082.99 84.00 1,760.27 1,695.40 1,060.31 3,293.55 77.13 210.78 46.03 25.00 109.59 19,685.72 81,552.63 7200 . Training 7203 . Off site Training T01al 7200 . Training 5.884.77 5,884.77 7300 . Salary, PR tax, benefits 7301 . Salary - Executive Director 7303 . Salary - Stewardship Director 7306 . Salary - Exec Oir - Vacation 7308. Salary- Stwrdshp.Dir-Vacation 7311 . Salary ~ Exec Oir - Sick 7313. Salary - Stwrdshp Dir - Sick 7316 . Salary - Exec Oir - Holiday 7318. Salary - Stwrdshp Dir~ Holiday 7321 . Salary - year end accrual 7326. Salary - Admin Assistant 7327 . Salary ~ Admin Asst - Vacation 7328 . Salary - Admin Ass! . Sick 7329. Salary - Admin Asst - Holiday 7334. Salary - Outreach Manager 7335. Salary. Outreach Mngr - Vactn 7336. Salary - Outreach Mngr - Sick 7337. Salary - Outreach Mnger - Hlday 7338 . Salary - Conservation Assistant 51,845.71 42,075.19 3,206.53 2.029.38 1,482.34 1.611.88 1,871.61 1.517.23 5,381.88 3,168.00 0.00 0.00 96.00 24,92049 1,210.32 1,302.78 910.22 12480.52 Page 4 of 5 3:38 PM 02124/11 Accrual Basis Jefferson land Trust Profit & Loss January through December 2010 Preliminary Financial Stmnt: Audited Financial Stmts Available May 2011 7339 . Salary - CnSMn AsS1- Vaeln 7340 . Salary ~ Cnsrvtn Asst - Sick 7341 . Salary - CnsMnAssl - Hlday 7342 . Salary - Development Director 7343 . Salary ~ Devlp Dir ~ Vacation 7344 . Salary - Devlp D1r . Sick 7345 . Salary ~ Devlp Dir - Holiday 7346 . Salary - Finance Director 7347. Salary - Finance Oir - Vacation 7348 . Salary - Finance Oir - Sick 7349 '. Salary - Finance Oir .. Holiday 7350 . Salary.. Internship 7351 . Salary.. Senior Admin Spclst 7352 . Salary.. Se~ior Admin Spt - Vac 7353 . Salary - Senior Admin Spt - Sck 7354 . Salary - Senior Admin Spt - Hol 7359 . Bonus 7360 . Health Insurance 7361 . Health Insurance.. VE Accrual 7364 . SEP-IRA Employer Contribution 7370 . Payroll Taxes 7371 . Payroll Taxes - Soe See/Mod 7373 . Payroll Taxes. l&1 7374 . Payroll Taxes - Sula 7315. Payroll Tax . Year End Accrual Total 7370 . Payroll Taxes Jan.. Dee 10 529.34 184.91 419.66 22,215.85 2,678.09 0.00 1,351.19 25,248.70 388.95 0.00 607.48 1,671.54 25,768.24 257.80 1,981.00 981.76 3,156.00 33,290.91 807.28 4,934.34 20,558.24 4,615.78 2,145.27 -2,572.66 24,746.63 Total 7300 . Salary, PR tax, benefits 306,329.75 Total 7000 . Operations Expense 393,767.15 Total Expense 393,767.15 214.578.06 Net Ordinary Income Net Income 214,578.06 Page 5 of 5 Jefferson Land Trust RESOLUTION February 25,2011 WHEREAS, Jefferson Land Trust is an applicant or sponsor for more than one Conservation Futures Funding application, and Conservation Futures Funding Application process requires that Jefferson Land Trust prioritize its projects, and WHEREAS, Jefferson Land Trust has been working since 1995 in partnership with Jefferson County, the City of Port Townsend, Washington Department of Natural Resources, the community and the U.S. Fish and Wildlife Service to acquire land lofby lot to preserve a 3.5- mile greenbelt and natural stormwater drainageway called the Quimper Wildlife Corridor, and WHEREAS, professional naturalists and scientists have recommended that this corridor be expanded to provide further benefit for wildlife species, especially migrating birds, and to provide additional wetland buffers, and WHEREAS, acquisition of high-priority identified lots in the Quimper Wildlife Corridor area from willing sellers would provide such wildlife and wetland protection, and WHEREAS, this important community asset will require stewardship in perpetuity, to include annual monitoring, maintenance, and management, as spelled out in the City-adopted Quimper Wildlife Corridor Management Plan, Resolution, and WHEREAS, Jefferson Land Trust has been working since 2000 in partnership with Jefferson County Conservation District, Jefferson County, Washington Department ofFish and Wildlife, North Olympic Salmon Coalition, the Hood Canal Coordinating Council, the Jamestown S'Klallam Tribe and WSU Cooperative Extension to acquire and restore critical salmon spawning, rearing and migratory habitat in the Chimacum Estuary and lower mainstem reach, and WHEREAS, professional naturalists and scientists have recommended that Chimacum Creek habitat protection be expanded to provide further benefits for migrating salmonids and other species, and WHEREAS, acquisition of high-priority identified parcels in the Chimacum Creek Estuary area from willing sellers would provide such habitat protection, and WHEREAS, this important community a~set will require stewardship in perpetuity, to include annual monitoring, maintenance, and management, according to the 2008 Lower Chimacum Creek Fish and Wildlife Management Plan, BE IT HEREBY RESOLVED that Jefferson Land Trust agreed at its February ]5,2011 Board of Directors meeting to sponsor an application by the City of Port Townsend for Conservation Futures Funding for both land purchase and stewardship funds for this expansion of the Quimper Wildlife Corridor, and agreed that Quimper Wildlife Corridor is the highest priority for 2011 Conservation Futures Funding. The next highest priority is funding for the Chimacurn Creek project because it would provide a vita! connectivity to the Chimacum Creek project area and it represents a collaborative effort with community members and our Chumsortium partner organizations as they work to preserve this significant salmon habitat. Signed this 25th day of February, 2011. Owen Fairb President, Board 0 Directors Jefferson Land Trust City of Port Townsend . Development Services Department 250 Madison, Suite 3 Port Townsend W A 98368 (360) 379-5084 Fax (360) 344-4619 isurber@citvofut.us \v\vw.citvofut.us May 13,2011 Ms. Tami Pokorny Jefferson County Natural Resources and Environmental Health 615 Sheridan Street Port Townsend, W A 98368 Dear \-ls. Pokorny RE: Winona Basin- Bloedel Proiect Thank you for forwarding a copy of the Conservation Future Funds application for site acquisition of lots within the city limits. It is our understanding that the "Winona Basin -- Bloedel project" involves purchase of seven platted lots (approximatcly 1 acre) for the purpose of wetland buffer and forested habitat preservation. The land is legally described as Lots 11 to17 inclusive of Block 24 of the Fowlers Park Plat, Assessor's Parccl Number 951902402. You had asked whether the fee simple purchase of the project area for permanent conservation "would reduce the capacity of land suitable for development necessary to accommodate the allocated housing and employment growth, as adopted in the countywide planning policies". The lots proposed for acquisition arc identified on the City's Land Use Map as "Potential Park and Open Space". This category includes areas that may have the potential to be included within a comprehensive and interconnected system of open space and trails_ The P/OS(A) overlay appears in areas that could be valuable if maintained as open spaces, such as wooded areas, drainage corridors, and scenic vistas. Purchase of these properties was identified as a mcans 01' implementing the open space overlay. In addition, Comprehensive Plan Policy 3.4 ol'the Land Use Element encourages the City to consider purchasing areas within Winona Wetlands as a means of retaining wetlands, drainage corridors and native habitat. ' Given that the Comprehensive Plan anticipated purchase and preservation of properties within the Potential Park and Open Space overlay it is concluded that purchase of the project t(JI permanent conservation would not reduce the capacity ofland suitable for development necessary to accommodate the allocated housing and employment growth as adopted in the countywide planning policies. Page 2 The proposed acquisition of "Winona Basin - Bloedel project" is consistent with the goals and policies of the City's Comprehensive Plan. Weare pleased to see it recommended for preservation and are hopeful that the Commissioners approve the application. Please feel free to contact me at (360) 379-5084 with any questions Sincerely, Judy Surber Senior Planner/Planning Manager .JEFFJ~HSON LAND Tl{UE;rr Celebrating our 20th year Helping the community preserve open space, working lands and habitat forever 1033 Lawrence Street, Port Townsend, \VA 9R368 360-379-9501 - office 360-379-9897 - fax \Nww.save!and.org jlt@saveland.org August 18, 2009 Tami Pokorny Jefferson County Water Quality Division 615 Sheridan Street Port Townsend, WA 98368 Dear Tami, Jefferson land Trust is writing this letter with regard to the 2009 Conservation Futures Application that was submitted to the county for acquisition of properties in the Quimper Wildlife Corridor. The purpose of this letter is three-fold: . to document the required matching funds . to request Conservation Futures funds be placed into escrow, and . to request the banking of match donation valuations. Documentation of Matchinq Funds This year Jefferson land Trust applied to conservation Futures Funds for $137,500.00 of which $132,500.00 is to be used for land acquisition and $5,000.00 for O&M funds Jefferson land Trust will match both amounts with cash and land donations. Our calculations show that $246,108.96 is needed for the acquisition of the South Reserve and lots 1 -10, Block 24; lots 8 - 12, Block 25, all in Fowler' Park Plat of Port Townsend. The cash difference between the Conservation Futures grant of $132,500.00 and the land acquisition costs is $113,608.96, which Jefferson land Trust will supply to the escrow agent before the September 17, 2009 closing date. $10,000 of this is a cash contribution from one of the sellers. This leaves a balance of $18,891.04 required by the County to meet the 1:1 match for the Conservation Futures grant. The land Trust paid $5,500.00 to the Columbia Valuation Group for appraisals of the South Reserve, Whirlwind and Herzog properties on 2/11/09. After considering the appraisal costs as match, the final balance of the land Trust's acquisition match required is $13,391.40. Please refer to Attachment A, Section 1. The land Trust is also providing $5,000.00 in cash to match the O&M request. This $5,000 will be placed in Jefferson land Trust's permanent stewardship endowment for monitoring and on-site stewardship of these properties in the Quimper Wildlife Corridor. We will invoice Jefferson County on an annual basis for ten years for the 0 & M request. Request for Conservation Futures Funds for Escrow Jefferson land Trust is about to close on the acquisition of the Whirlwind and Mclaughlin properties and thereby requests that $132,500.00 in cash from the grant be placed in escrow with First American Title Company prior to the closing date of September 17, 2009. Jefferson Land Trust will provide $113,553.20 by the closing date, Please refer to Attachment A, Section 2. Jefferson Land Trust is a 501 (c) (3) non-profit, tax-exempt., private corporation. Printed on recycfed paper Anne McLaughlin has signed a RPSA for the sale of Lots 1 - 10 in Block 24 and Lots 8 - 12 and Block 25 for $130,000.00 and Whirlwind Corporation has signed a RPSA for the sale of the South Reserve for $115,000.00. In the RPSA Whirlwind Corporation has agreed to donate $10,00000 back to Jefferson Land Trust to help protect the Quimper Wildlife Corridor and leverage additional funds to meet Jefferson Land Trust's required cash match. Request to Bank Match Donation Valuations Jefferson Land Trust's 2009 application included three donations of land as part of the match for the grant, including Lots 15 and 16, Block 22; Lots 5 -7, Block 23 and Lots 3 - 8 & 23, 24 in Block 18; Lots 1 - 4, Block 46 The Land Trust has obtained appraisals for ail three properties--$17,000.00, $89,000.00, and $45,000.00 respectively - which total $151,00000 We are requesting that we may "bank" the land values above the $13,391.40 land value needed for acquisition match in this grant cycle. We understand that as required by Ordinance 06-0708-02 we have until 2011 to use the banked match. The $137,608.60 value difference could provide for the acquisition of lots directly linked to the McLaughlin and Whirlwind properties. Please refer to Attachment A, Section 3. Thank you for your attention to all these details. Sincerely, Sarah Spaeth Executive Director Attachment A 1. Cash required for land purchases I McLaughlin, TPN's ~ 951902401 and ' .. 951902501 Whirlwind. TPN 951900003 I Closing costs ~ce'''"' ~"~: - I"'""""' '='- l=. =1==- -- Difference I $130,00000 115,00000 1.053.20 $24.6,108 9.6 $132,500.00 , Am! CFF will I provide at closing $113,608.96 Amt of cash JL T will provide at closing (includes I 10Kcontribution : from a seller) . ~ 2. Match needed from JL T for land I purchase $18,946.80 --..- ----~- Total $13,39104 ,.. --. - I O&M Match CFF $5,00000 i JLT ", 'OO'~r 13. Valuations of ."~. .-1- I Donated Properties .. ~ l Oakland ..~.9,00000 , Anonymous 45,000.00 I Herzog 17,00000 - . '1== -.-.- 1- Req~ested-;' ~anked" Total $151,00000 ] . JL T must use , Value , banked value I I by 2011 ...j =t; cash match ",eo"" _I 1 .. , $137,608.60 I Difference between total value of L I donated properties i and JL T cash match i , F Appraisal costs =+== 5 500 00 Qu;mper Wildlife Corridor 2009 Winona Salish Sea , -T' I ~f'~ Admiralty Inlet ~, " . -~1,:- ,j "1tfI6~ !i: .. --( . ..: s.. " ,~, ................,\ S\!tIS;IW.ty .- .., II ",,,' /1 Rd ' \;r- -- ( ",.-1/>.6-9. J "'11...-, Cam""Q'"- ': .! ' Gateway , Buffer 201M r ",oJ.,;'" ~--.fv'. J"~ i,/ --< j,~ ....'..l\.--..rr. "'J ." c.,', ~,~ ' Ojl '....d; (" \ ~-, I ... ' o ~"1. 1_. '\ Port Townsend Bay ..",,"'to.. l... ~'d o -"" ~ ~, L 30 . 0- . l.. VlI", , .... < I ~ < . Discovery I Bay Gar<lln.r&e.chffq ~ ~ ',j;",:i... , 01-' ." ::" -"'- ? -, " ? ",-" ';r.?; 0';::.:. - ~. . VI 0'" t: rOO, O!""+-j \ .., 1 ' ~ ~ '1ln-~d , F' ^' f ,. \. ~\ rl Mo,doldi ~_. L-H~~ .1 ~ ) 2../"0 '0, ./ \ 1/ . \\/,/ --". 'I / <t;I6.f,".fv/ r.$ i . 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