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The Williamson Act of the US state of California (officially, the California Land Conservation Act of 1965) is a California law which provides relief of property tax to owners of farmland and open-space land in exchange for a ten-year agreement that the land will not be developed or otherwise converted to another use. The motivation for the ...
A conservation easement agreement was placed on December 27, 2007. Originally part of the historic Spanish land grant, Rancho Cañada de los Pinos , the owners purchased San Lucas Ranch in 1924. This donated easement on 1,534 acres (6.21 km 2 ) of the working ranch preserves a piece of California's western heritage and habitat resources.
Conservation easement boundary sign. In the United States, a conservation easement (also called conservation covenant, conservation restriction or conservation servitude) is a power invested in a qualified land conservation organization called a "land trust", or a governmental (municipal, county, state or federal) entity to constrain, as to a specified land area, the exercise of rights ...
In August 1983, the California Coastal Conservancy announced an agreement to pay Hill $1 million for a conservation and scenic easement on 1,400 acres (570 ha) on the east side of Highway 1, south of Little Sur River, and to purchase 1,200 acres (490 ha). Hill also agreed to donate the cost of a conservation easement on another 1,100 acres (450 ...
The easement contains pipes that supply water to 360,000 residents. The problem is that those pipes are now nearly 100 years old, so a rupture could happen at any time, resulting in untold damages.
The easement protects 60 of the 65 acres Timothy McCormick bought from development. Just south of his house is a bank of solar panels that is also within that development envelope.
An easement may apply to all or a portion of the property, and need not require public access. Each conservation easement is carefully crafted to meet the needs of the landowner while not jeopardizing the conservation values of the land. [8] [page needed] In between selling land or an easement to a land trust is an option called a bargain sale.
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.