A REAL ESTATE INVESTOR, FOCUSING HIS EFFORTS LARGELY IN THE PACIFIC NORTHWEST, LEARNS OF LAND THREATENED WITH DEVELOPMENT THAT WILL FOREVER NEGATIVELY IMPACT THE ECOLOGY OF THE AREA. SIGNIFICANT PORTIONS OF THE LAND INCLUDE "THE BEST PRESERVED SALT MARSH IN THE SAN JUAN ISLANDS". THE COUNTY'S ZONING WOULD ALLOW 21 HOME SITES ON THE PROPERTY. HOWEVER WITH THE ASSISTANCE OF NORTH AMERICAN LAND TRUST, THE INVESTOR IS ABLE TO COME UP WITH AN ALTERNATIVE PLAN SUBSTANTIALLY REDUCING DENSITY WHILE OPTIMIZING VALUE OF THE LIMITED BUILDING SITES.
The investor's goals are threefold: to accomplish land conservation of a rare and significant ecosystem; to fairly reward sellers' of properties; and to find a viable model to conserve land on a for profit basis.
THE PLANHenry Island Enclave is the result of assembling land from 6 different landowners. The resulting property is a 105 acre contiguous piece of land fronting on three (3) bodies of water: Open Bay, Mosquito Pass & Nelson Bay. The Conservation Plan provides for several outstanding house sites.
Some key elements of
the final plan include:
1 Investors were motivated to acquire sensitive lands;
2 More than 95% of the acquired lands will be preserved;
3 Solution involved a local Land Trust and Land Bank; and
4 Result was financially rewarding for the investor.