Garth Road Preservation Inc

“Foxfield racing llc was established in 2020. Foxfield racing llc is a 100% owned disregarded entity of garth road preservation.”

“The 990 will be shared with all board members prior to the appropriate board meeting by ann horner, treasurer”

“Governing documents are made available upon request to a board member for the same period of disclosure as set forth in section 6104(d).”

“DBA: SAVE FOXFIELD RACES”

“In 2020, foxfield racing llc, a virginia limited liability company, began to operate and manage foxfield races on the leased property. Foxfield racing llc is a 100% owned disregarded entity of garth road preservation, inc. The creation of foxfield racing llc succeeded litigation filed by the directors of the organization on january 3, 2017, in the albemarle county circuit court which blocked the sale and development of land known as foxfield located in albemarle county, virginia. This suit was consistent with the organization's description of activities contained in the organization's form 1023, which stated that "the corporation is dedicated to the preservation of open space and the conservation of natural resources in virginia, and will further these purposes by both implementing methods to preserve and conserve land, and to use legal means, such as filing for an injunction, to prohibit the sale and/or improper development of natural resources." after over two years of contested litigation, the organization and the owner of foxfield voluntarily agreed to several actions to preserve foxfield as open space for community use, consistent with historic activities. The owner of foxfield granted a perpetual conservation easement to the albemarle conservation easement authority, which easement was granted on october 10, 2019, and which reduced the intensity of development of foxfield. The owner also agreed to lease foxfield to the organization, but only if the organization would operate and manage national steeplechase association sanctioned equine races, including the foxfield races, which have been held at foxfield for over forty years. Should the organization cease to operate and manage the steeplechase races, the lease will expire and the owner may sell foxfield for development as a single residence, thereby removing the property from access to the general public for community events.”