IN FY24, NMLC COMPLETED 3 CONSERVATION EASEMENT PROJECTS, INCLUDING: HERMOSA-KELSEY (1/24/24), GIBSON RANCH (3/11/24), AND FITE RANCH (INVOICED WSMR 6/12/24 AND CLOSED ON 7/25/24). THESE CONSERVATION EASEMENTS PROTECTED AN ADDITIONAL 8,717 ACRES, CONTRIBUTING TO NMLC'S 695,753.22 TOTAL PROTECTED ACRES FOR 127 CONSERVATION EASEMENTS. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2024 WAS 446,000.00 COMPARED TO THE 10,656,000.00 FOR THE YEAR ENDED JUNE 30, 2023. NUMBER OF CONSERVATION EASEMENTS MODIFIED, RELEASED, EXTINGUISHED, OR TERMINATED BY THE ORGANIZATION DURING THE TAX YEAR: 1 CE AMENDED - UTE LAKE RANCH AMENDMENT 3 THE UTE LAKE RANCH AMENDMENT 3 WAS DRAFTED AS PART OF A PHASED CONSERVATION EASEMENT PROJECT TO PROTECT THE ENTIRETY OF UTE LAKE RANCH. PHASES OF THE PROJECT WERE DEVELOPED TO MAXIMIZE THE LANDOWNER/DONOR'S POTENTIAL FOR STATE AND FEDERAL TAX BENEFITS THROUGH DONATED EASEMENTS. AMENDMENT 3 ENCUMBERED THE PROPERTY AS ONE, WHOLE AND UNSUBDIVIDABLE EASEMENT ADDED 694 ACRES TO THE EXISTING CONSERVATION EASEMENT (4,848 ACRES), TOTALING 5,542 ACRES. NMLC PROJECT MANAGER TRACI BURNSED AND CONSERVATION DIRECTOR CLAIRE CATLETT LED THE THIRD AMENDMENT'S DRAFTING AND RECORDED THE UTE LAKE RANCH AMENDMENT 3 ON 12/17/2024.
