Central Arizona Land Trust

“Per the conservation easement enforcement policy adopted by the board of directors, june 13, 2014, calt works with landowners throughout the conservation easement development process to ensure the property adheres to established acceptance criteria per irs regulations, as well as standards and practices for transactions established by the national land trust alliance. Calt personnel coordinates all required due diligence that serves to inform well-drafted conservation agreements, comprehensive baseline documentation, and accurate mapping. Once legally recorded, calt conducts annual monitoring visits to each conservation property and documents each monitoring process, providing written reports to the land owner, and maintaining documentation of monitoring in digital and physical record keeping formats. Should a violation of a conservation easement be found, calt documents in writing and with photos the nature of the violation referencing the recorded terms of the easement, its exact location, and extent. The monitor reports the violation to calt board as well as the land owner, with whom remedies are discussed. If landowner takes responsibility for remedying the violation, documentation is required to be provided to calt within a reasonable timeframe. If land owner refuses to remedy the violation calt may seek legal counsel, and if necessary pursue court enforcement.”

“Conservation easements are recorded as a reduction in cash and an increase in the expense account, extinguishment of development rights.”

“The organization recognizes uncertain tax positions in the financial statements when it is more likely-than-not that the positions will not be sustained upon examination by the tax authorities. As of december 31, 2024, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”