Greenbelt Land Trust Inc.

“One conservation easement, named Little Willamette, was modified during the tax year to transfer 1.7 acres of the 199 acre property to Linn County, Oregon to be used for road purposes by Linn County to address safety issues and re-align the adjacent county road. Linn County initiated the process to acquire this piece of property under Oregon State law, which allows for condemnation for public uses, if necessary. The only modification was reduction in acres; no others changes were made to the conservation easement. This conservation easement was originally purchased at fair market value by Greenbelt Land Trust with funding from Bonneville Power Administration, part of the U.S. Department of Energy, which is a third party interest holder to the conservation easement. As a third party holder of the conservation easement Bonneville Power administration authorized this modification of the conservation easement.”

“Greenbelt's current Stewardship Policy includes sections on Conservation Easement Compliance Monitoring and Easement Enforcement, Violations, and Remedies which are summarized as follows: conservation easements are monitored for compliance with conservation purposes, terms, and conditions of the conservation easement at least once per year; monitoring reports are prepared in a timely fashion that describe current conditions and record any potential violations of the conservation easement; standardized monitoring protocols are applied across all conservation easements; Greenbelt takes ensures landowners are familiar with terms and conditions of their conservation easements; Greenbelt maintains contact with landowners to prevent violations and works closely with landowners to remedy any violations; all violations will be documented; and the Greenbelt Lands Committee in consultation with staff can recommend to the Board of Directors to pursue legal action to resolve a violation. Greenbelt's conservation easement documents include the right of Greenbelt to inspect, monitor, and enforce the terms of the conservation easement, as well as the right to enter the property to conduct monitoring.”

“Text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements: the trust has acquired and holds a number of conservation easements, each representing a legal interest in land owned by another person or entity. The easements grant the trust the right to use, control, and/or protect the land for conservation purposes. Because of the unique nature of these assets, the impracticality of obtaining consistent and reliable estimates of the values ascribed to these interests, and consistent with the practices followed by many environmental land trusts, the accompanying financial statements value each conservation easement at $1.00”

“The organization follows the provision of fasb asc topic of accounting for uncertainty in income taxes. Management has evaluated the organization's tax positions and concluded that there are no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this topic.”

“Investment fees netted against revenues 15,319.”

“Uncolleted Pledges 8,000.”

“Investment fees netted against revenues 15,319.”