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Morris County Open Space and Farmland Preservation Trust Fund WHAT MAKES A GOOD APPLICATION? Morris County Open Space and Farmland Preservation Trust Fund Walter P. Krich, Jr. Frank Pinto Thomas Kline, OSTF Chairman Barbara Murray, OSTF Coordinator Morris County Preservation Trust Fund

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walter p krich jr frank pinto thomas kline ostf chairman barbara murray ostf coordinator
Morris County Open Space and Farmland Preservation Trust Fund

Walter P. Krich, Jr.

Frank Pinto

Thomas Kline, OSTF Chairman

Barbara Murray, OSTF Coordinator

morris county preservation trust fund
Morris County Preservation Trust Fund
  • History of Morris County’s Trust Fund
  • Application Process
    • Changes in 2006
  • Qualities of Successful Applications
    • Application Form
    • Property Tour
    • Committee Presentation
  • Future Direction
morris county preservation trust fund4
Morris County Preservation Trust Fund

www.MorrisPreservation.com

morris county preservation trust fund5
Morris County Preservation Trust Fund
  • Established 1992 by voters
  • Fund commenced on July 1, 1993
  • Rate set annually by Board of Chosen Freeholders
  • Currently 4.5 cents per $100 assessed property value
  • Approximately $40 million in 2006 for all preservation programs

www.MorrisPreservation.com

morris county preservation trust fund6
Morris County Preservation Trust Fund

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Funded through Trust Fund:

www.MorrisPreservation.com

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Morris County Preservation Trust Fund
  • 14,765 Acres Purchased for $ 127,972,426
  • 4,250 Acres Pending for $ 54,505,363

19,015 Total Acres Funded

for $ 182,477,789

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

19,015 acres is:

  • Larger than Chester Township (18,854 acres)

- and –

  • The approximate size of:

Victory Gardens + Netcong + Chester Boro. + Butler + Riverdale + Rockaway Boro. + Wharton + Chatham Boro. + Town of Boonton + Morris Plains + Dover + Mountain Lakes + Mount Arlington + Mine Hill combined!

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Municipal/Non-Profit Program –

NEW for 2006:

www.MorrisPreservation.com

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Morris County Preservation Trust Fund
  • Project Finance Sheet – Initial and Post-Appraisal

www.MorrisPreservation.com

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Morris County Preservation Trust Fund
  • Detailed information on structures
    • List of all structures on site
    • Estimated square footage of structure
    • Proposed use of structure
    • Photographs

www.MorrisPreservation.com

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Morris County Preservation Trust Fund
  • Property Owner Consent

www.MorrisPreservation.com

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Morris County Preservation Trust Fund
  • Financial History of Municipal Trust Fund

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Closing Process

  • Pre-Closing
    • Fully-executed contract
    • Draft deed
    • Survey or metes & bounds description
  • Post-Closing
    • Executed deed (after closing and once recorded)
    • Final survey (plus digital format, if available)
  • Monthly e-mail reminder

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Qualities of

Successful Applications

  • Start with a plan
  • Complete application information
  • Detailed financial information
  • Financial commitment
  • Funding partnership

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Municipal and Non-Profit, Preserved Projects:

  • Cumulative Total Cost of Land

$ 164,563,615

  • Cumulative Grants Awarded

$ 64,506,033

39.2%

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Property Tour

  • Show us what we’re funding!
  • Be organized – know what to highlight
  • Limited time frame

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Committee Presentation

  • How likely is closing?
  • Is there a willing seller?
  • Is there a signed contract?
  • Status of other funding partners?
  • Intended use of the property?

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Average Project Size = 37.9 acres

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Overall Average Grant Award = $501,028

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Overall Median Grant Award = $375,000

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

Future Direction

  • Average size of project sites is trending downward
  • Average grant award amount is increasing
  • Are program changes warranted?

www.MorrisPreservation.com

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Morris County Preservation Trust Fund

www.MorrisPreservation.com

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