[Michigan_LT] requiring curative measures prior to CE closing

[Jean Brokish]

Hello Land Trust Colleagues,

 

I am working with a landowner to complete a purchased conservation easement
on forested land that includes a small stream.  The source of money to
purchase the CE is from DEQ (319 dollars).  The property includes an area of
SEVERE erosion and we feel that the erosion problem needs to be addressed
either before closing, or as a condition of closing.  

 

One suggestion is to draft a separate contract that outlines the curative
measures (working with NRCS engineers to address the erosion problem), and
identifies an amount that is withheld (in escrow) until the work is
complete.  

 

Has anyone out there tried using such a contract?  Do you have a sample
contract you'd be willing to share?  

 

What alternative approach might we try?

 

 

Thanks for your input!

Jean

 

 

~~~~~~~~~~~~~~~~~~~

Jean Brokish

Chikaming Open Lands

PO Box 291 / 14913 Lakeside Rd

Lakeside, MI  49116

 

t: 269-469-2330   f: 269-469-2471

 

 

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