Five Valleys Land Trust Inc.

“The line family limited partnership (the "lines") granted a conservation easement to five valleys on december 21, 2007 (the "easement"). The easement perpetually protects relatively natural habitat for native plants and wildlife, open-space lands that provide opportunities for traditional agricultural practices, and scenic views on approximately 466 acres of land located on the hills immediately south of the city of missoula (the "property"). The city of missoula and missoula county contributed public bond funds to five valleys' bargain-sale purchase of the easement. On december 21, 2020, the lines and five valleys amended the easement to: (1) add approximately 11 acres of agricultural and scenic land to the 466 acres of open-space land that the easement already protects; (2) grant public recreational access to a 14-acre portion of the property (the "access parcel") and permit construction and maintenance of recreational trails on the access parcel; and (3) permit the conveyance of the access parcel separately from the remainder of the property, as expanded by the amendment. The amendments to the easement enhanced the wildlife habitat, open-space, agricultural, and scenic values of the property by protecting 11 additional acres of land that consist of open grasslands and conifer forest, which offer foraging habitat and cover for a variety of wildlife species; that contain high-quality grazing lands, which benefit the lines' traditional ranching operation; and that are clearly visible from parts of the city of missoula, as documented in the supplemental baseline report. In addition, the amendments provided significant public benefit by allowing the access parcel to serve as a critical connecting parcel between six contiguous parcels, which together form the 350-acre mount dean stone corridor property (the "corridor"). The corridor connects an existing, city-owned park preserve to the top of mount dean stone and to thousands of acres of public or publicly-accessible land. Five valleys conveyed the corridor, including the access parcel and five miles of new trail, to the city of missoula for incorporation into the city's system of conservation lands in december 2020. The amendments were consistent with the easement's amendment provision and with five valleys' amendment policy, including the prohibitions on conveyance of private inurement or impermissible private benefit. As funders of the easement, the city of missoula and missoula county reviewed the amendments.”

“Land protection easements held by the organization hold no financial value, and the landowner retains full ownership of the land. The cost to acquire purchased or donated easements is expensed as acquisition expenses when incurred.”

“Five valleys land trust created the five valleys land trust endowment with the montana community foundation to assist those benefactors who want to give restricted gifts to the organization. Fvlt also established an endowment trust on december 19, 2002 for the purpose of setting aside funds for perpetuity for the benefit of the organization.”

“INVESTMENT FEES -13,327.”

“INVESTMENT FEES -13,327.”