The Garden Conservancy Inc

“- changed garden conservancy address and contact (page 1, top left corner) - changed document title to amended and restated conservation easement (page 1) - changed grantor name to reflect current owner on title (page 1) - inserted clause after the definition of "property" in recital k to explain that it is comprised of 10 separate lots per the recorded certificate of compliance document issued by the town of woodside. - revised recital l to reflect the history of the original 2004 conservation easement - revised recital m to clarify that the original december 2003 baseline documentation is to continue to serve as the baseline for monitoring compliance with the terms of the amended and restated conservation easement. - inserted new section 1 to terminate the original conservation easement and supersede it with the amended and restated conservation easement. - revised section 5(c) to expressly state that selling the lots off individually is allowed and does not constitute a prohibited de facto subdivision. - revised section 5(c) to expressly allow for relocation of a residence to another location within the property provided the relocation does not impair or interfere with the conservation values of the property and is otherwise consistent with the amended and restated conservation easement. - revised section 10 to specifically require grantor to give grantee prior notice before removing any trees or making significant alterations to existing structures to give grantee the opportunity to determine and notify grantee whether the proposed activities are permitted, designed and carried out consistent with the terms of the amended and restated easement within 30 days of receiving such notice. - revised section 9 to: (1) clarify that the entire lot upon which the historical design core is located must be made available to the public upon grantee's request (not just the gardens which was an undefined capitalized term); (2) reduce availability from twice to once per year; (3) clarify that public availability is to be made only upon grantee's request and in grantee's discretion; and (4) remove verbiage about grantor's ability to reasonably restrict public access and subject entrance to a fee. - inserted new section 10 to affirmatively require the grantor to maintain the lot comprising the historical design core to the 2003 baseline standard. This affirmative maintenance obligation was entirely missing in the original 2004 conservation easement.”

“Conservation easements are valued at $100 each.”

“The conservancy established a general endowment fund to provide a stable source of unrestricted revenues, in perpetuity, for the conservancy's programs and operations.”

“The conservancy is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. No provision for federal or state income taxes or for taxes on unrelated business income has been recorded.”

“Bad debt expense netted with revenue on financials -3,000.”

“Fundraising expenses -104,347.”

“Fundraising expenses 104,347.”

“Bad debt expense netted with revenue on financials 3,000.”