Wood River Land Trust Staff Report Date: To: From: Regarding: April 1, 2015 Board of Directors Staff, Keri York Camas Creek Ranch Action Item Action Item: The Land Trust has the opportunity to acquire up to 160 acres along Camas Creek, in conjunction with the sale of an additional 160 acres to neighboring landowner. The Land Trust would lease the 160 acres per a grazing management plan that protects creek and riparian habitat. Project Description: Steve Bryant, son of the original Barbara Farm I conservation easement holder, approached the Land Trust regarding a property his family’s trust owns in the Camas Prairie. The Bryant’s property consists of 320 acres along one miles of Camas Creek adjacent to Hwy 20 east of Fairfield. It has historically been used for cattle grazing, in conjunction with neighboring properties. Camas Creek has been used as the primary stockwater resource, although there is a groundwater well on the property. There is perimeter and some internal fencing. There are no residential or agricultural structures on the property. The Bryant family trust owns the property. Mr. Bryant wishes to continue his father’s interest in conservation if the property can be sold soon. A neighbor has offered to buy the entire property for cattle grazing, but he is not interested in engaging in a conservation easement at this time. The neighbor is also only interested in purchasing any portion of the property if he can continue to use the riparian habitat for managed grazing and stockwater. Protecting lands along Camas Creek offers multiple benefits to the Land Trust. The Camas Prairie provides habitat for pronghorn, elk, moose, mule deer, and sage-grouse, and is considered an important flyway for waterfowl by Ducks Unlimited and IDFG. The property is within a scenic viewshed and is near the Kelly Reservoir conservation easement. Camas Creek flows into Magic Reservoir, and this project offers the potential to implement water conservation transactions with the Big Wood Canal Company. The Land Trust has proposed to purchase up to 160 acres encompassing Camas Creek and its riparian habitat, in conjunction with the sale of the additional 160 acres to the neighbor. We would work with Mr. Bryant to subdivide the property for this acquisition. The Land Trust would lease its 160 acres to the neighbor for managed grazing. We would develop a management plan following guidelines of the Natural Resources Conservation Service, with assistance from The Nature Conservancy and other consultants. There are currently few other opportunities to work on water conservation transactions along Camas Creek. This acquisition would put the Land Trust in a position to take advantage of future projects. Estimated value is $1,000/acre based on the appraisal completed for the Kelly Reservoir Conservation Easement, for a total of $160,000. The Land Trust would enter into a Purchase and Sale Agreement for appraised value, contingent upon due diligence. Funding would come from the Land Trust’s Open Space Fund. Appraisal cost is estimated to be $10,000 and legal expenses are expected to be under $2,000. The stewardship contribution is estimated at $13,833. Benefits for Wood River Land Trust: Protection of significant fish and wildlife habitat. This acquisition would protect habitat for waterfowl, fish and aquatic invertebrates, elk, mule deer, pronghorn, sage-grouse, raptors, migratory birds, and other upland game birds. Protection of working rangeland. This project would allow for continued agricultural practices on the upland portions of the property and may create opportunities for future conservation projects with the lessee. Connectivity with other protected lands. This property is near the Kelly Reservoir conservation easement and BLM lands. This project will protect important migration corridors for waterfowl, big game and sage-grouse. Creates opportunities for water conservation. Camas Creek is a tributary to Magic Reservoir, and owning land along Camas Creek may present opportunities to work with the Big Wood Canal Company on water transaction projects. Continuing and building new landowner relationships. This project would continue the relationship with the Bryant family and build a new relationship with the lessee, who owns other agricultural lands in Camas County. Staff Recommendations: Staff recommends entering into a Purchase and Sale Agreement with the Bryant Family Trust, contingent upon due diligence and an appraisal for the purchase of up to 160 acres along Camas Creek for approximately $1,000/acre. Staff recommends approving up to $10,000 for an appraisal and $2,000 for legal expenses, and $13,833 in contribution to the stewardship fund. Relevant excerpts from Wood River Land Trust’s Strategic Plan (2015-2017): Goal 1 – The land of greatest conservation value in central Idaho is protected forever with a focus on the Wood River Valley. Strategy A - Implement priority projects identified in conservation plans. Strategy D - Develop collaborative partnerships for land and water conservation and engage in conservation initiatives. Bryant Property Context Map ± Bryant Property (approx. 320 acres) Kelly Reservoir Conservation Easement Camas Creek SOLDIER CREEK RD U.S. Bureau of Land Management Idaho Dept. Lands Idaho Dept. Fish & Game US HWY 20 Fairfield E AT ST Y HW 46 0 1.25 2.5 Miles Sources: aerial: INSIDE Idaho; property boundaries: Camas County Parcel Data; Camas Creek parcel: WRLT. Map prepared by WRLT on 6 Feb 2015 for display purposes only. Bryant Property ± Potential WRLT Acquisition US HWY 20 Bryant Property (approx. 320 acres) 0 0.125 0.25 Miles Sources: aerial: INSIDE Idaho; property boundaries: Camas County Parcel Data; Camas Creek parcel: WRLT. Map prepared by WRLT on 6 Feb 2015 for display purposes only. Wood River Land Trust Worksheet for Initial Project Costs and Stewardship Fund Calculations for Fee Land Properties A. Initial Project Costs Camas Creek Ranch Name of Property: Date: Ownership Objective (Preserve / Future Trade): Acquire and transfer to the SNRA Bryant Family Tust Landowner(s): Camas Acreage of Property: 120 acres County: Property Purchase Price: 25-Mar-15 $160,000 How was this determined (appraisal, 8283 form, other?) Estimated Was purchase price negotiated (bargain sale, other?) Will WRLT hold a mortgage or loan? If Yes, name financial institution, rate, and payment schedule: No Initial Improvement Needs: $0 Summary of existing improvements: Fencing Summary of proposed improvements: Initial Restoration Needs: $0 Summarize restoration plans (for a complete description see management plan): Develop grazing lease and grazing management plan Additional Acquisition Costs (survey, etc.): $2,000 Describe additional costs: Shared costs for subdivision of property, legal, appraisal Additional Property Encumbrances (Access Easements, etc.): Grazing lease and management plan $0 Annual Maintenance or Legal Costs for Encumbrances: Water Rights Appurtenant to Property : None Initial Costs for Water Rights Transfers, etc. $0 Total Initial Project Costs WRLT Contribution Prepared by Wood River Land Trust for Camas Creek Ranch Acquisition Stewardship Fund Worksheet 3/27/2015 $162,000 $162,000 Page 1 of 2 B. Stewardship Fund Calculation Part 1. Determine Annual Stewardship Expenses In acquiring a fee land property, Wood River Land Trust assumes the legal obligation to steward, sell, or transfer the property. If the property is sold or transferred, revenue will be used to further the mission of Wood River Land Trust. To fulfill this obligation, the Land Trust will monitor and steward the Property at least annually. If the property is sold or transferred, the status or transferrability of any stewardship contributions will be made at the time of the sale or transfer. Activities annual site visit, including travel and preparation weed management anticipated annual restoration or improvement costs grazing lease preparation and monitoring taxes and liability insurance Billing $45 $45 $45 $45 $45 Rate Hours Total Cost /hr 2 $90 /hr (variable) 1 $45 /hr 1 $45 /hr 3 $135 /hr 0 $100 Annual Stewardship Expenses (ASE) = $415 Part 2. Determine the Stewardship Fund needed to generate Annual Stewardship Expenses (ASE). The Stewardship Fund must generate sufficient income to cover both the anticipated annual stewardship expenses associated with a Fee Land Property and the projected inflation rate. The Rate of Return (income generated by the endowment) is 6% and inflation rate is 3%, for a net of 3% return. Stewardship Fund Calculation Annual Stewardship Expenses (ASE) Rate of Return - Inflation Rate = = Prepared by Wood River Land Trust for Camas Creek Ranch Acquisition $415 0.03 $13,833 Stewardship Fund Worksheet 3/27/2015 Page 2 of 2
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