The italicized letters are my emphasis.
San Antonio has had this enlightened, progressive program going for a number of years now. When the President of El Paso's Frontera Land Alliance, Mike Gaglio, urged Mayor John Cook and EPWU/PSB CEO Ed Archuleta to consider a similar approach in El Paso, his response was no response. Gaglio tells us:
- Frontera "isn't" in the red!!!! I should know. I'm the Treasurer. There's over $100k in the bank and no liabilities.
- Frontera has no management fee for CEs. There are costs associated with starting up the CE, such as a survey, appraisal, attorney's fees, title search, and an environmental assessment. Those costs can be negotiated between the Grantor and Grantee. After the conservation easement is in place, the land trust solicits donations for an endowment to manage the terms of the CE, and not management of the land. The property owner may or may not choose to donate to the endowment.
- What happens to the CE if Frontera folds? The CE runs with the land and another land trust would take over, and could be specified in the CE document, but is optional.