2024-10-22T17:12:42-05:00 2023-12-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2023-01-01 810369262 THE MONTANA LAND RELIANCE MONT 4064437027 PO BOX 355 HELENA MT 596240355 SHANE COLTON PRESIDENT 4064437027 2024-10-10 1 1 DEBBIE OUELLETTE P00174388 4064944754 2024-10-10 2023 2024-10-15 13:58:12Z SHANE COLTON PO BOX 355 HELENA MT 59624 52293504 0 X WWW.MTLANDRELIANCE.ORG X 1978 MT THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 13 11 37 27 0 0 13117005 25429354 0 0 282548 12457547 0 0 13399553 37886901 165985 3323467 0 0 1323553 1904696 0 0 200273 12422861 12431574 13912399 17659737 -512846 20227164 13663260 33839729 1306743 237237 12356517 33602492 X THE MISSION OF THE MONTANA LAND RELIANCE (MLR) IS TO PARTNER WITH LANDOWNERS TO PROVIDE PERMANENT PROTECTION FOR PRIVATE LANDS THAT ARE SIGNIFICANT FOR AGRICULTURAL PRODUCTION, FISH AND WILDLIFE HABITAT, AND OPEN SPACE. 0 0 12052486 LAND PROJECTS: MLR WORKED WITH NUMEROUS LANDOWNERS IN 2023 TO PERMANENTLY PROTECT PRIVATE LANDS FOR CONTINUED AGRICULTURAL PRODUCTION, OPEN SPACE, AND NATURAL HABITAT. TWENTY NEW CONSERVATION EASEMENTS WERE COMPLETED BY MLR IN 2023 THAT PROTECTED, IN PERPETUITY, APPROXIMATELY 32,885 ACRES. MLR HAS PROTECTED A TOTAL OF 1,319,747 ACRES OF AGRICULTURAL/RECREATIONAL LANDS IN MONTANA. THAT ACREAGE INCLUDES 360,714 ACRES IN THE GREATER YELLOWSTONE ECOSYSTEM; 21,102 ACRES IN THE NORTHERN CONTINENTAL DIVIDE ECOSYSTEM; 227,971 ACRES OF CROP/HAY/PASTURE LANDS; 1,091,776 ACRES OF RANGE AND FOREST LANDS; 632,895 ACRES OF ELK HABITAT; AND OVER 48,417 ACRES OF WETLANDS. OVER 1,994 MILES OF STREAM FRONTAGE HAVE BEEN PROTECTED BY EASEMENTS HELD BY MLR TO DATE. 3935909 3304502 STEWARDSHIP AND MONITORING: MLR STEWARDSHIP STAFF MONITOR EACH PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. STEWARDSHIP/MONITORING ACTIVITIES CARRIED OUT BY STAFF INVOLVES VISITING OR VIEWING AERIAL PHOTOS OF EACH EASEMENT PROPERTY ON AN ANNUAL BASIS TO ENSURE THAT THE TERMS OF THE CONSERVATION EASEMENTS ARE BEING UPHELD. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF WORKS WITH LEGAL COUNSEL IN REGARD TO ANY POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. IN 2023, MLR GRANTED $3,304,502 TO THE MONTANA LAND RELIANCE FOUNDATION INC., TO BE INVESTED INTO THE LAND PROTECTION FUND TO COVER STEWARDSHIP AND MONITORING EXPENDITURES. 763975 18965 EDUCATION AND OUTREACH ACTIVITIES: MLR STAFF TRAVEL ACROSS THE STATE OF MONTANA CONDUCTING MEETINGS WITH POTENTIAL CLIENTS, COUNTY PLANNING BOARDS, COUNTY COMMISSIONERS, VARIOUS AGRICULTURAL GROUPS/ORGANIZATIONS, AND OTHER COMMUNITY GROUPS TO PROVIDE ANSWERS TO THEIR QUESTIONS AND TO CONDUCT GENERAL EDUCATIONAL ACTIVITIES FOCUSED ON THE BENEFITS OF LAND CONSERVATION AND CONSERVATION EASEMENTS. FOR THESE OUTREACH ACTIVITIES, MLR PUBLISHES VARIOUS EDUCATIONAL BROCHURES AND AN ANNUAL REPORT TO PROVIDE INFORMATION AND ENHANCE THE TRANSPARENCY OF ITS PUBLIC INTEREST ACTIVITIES. ADDITIONALLY, STAFF PARTICIPATE WITH NUMEROUS CONSERVATION GROUPS TO EDUCATE THE PUBLIC ABOUT THE LAND TRUST COMMUNITY'S CONSERVATION EFFORTS. IN 2023, MLR GRANTED $18,965 TO THE RUBY HABITAT FOUNDATION FOR OUTREACH USE. 16752370 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 5 0 1 37 1 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATIE STOKES 4064437027 PO BOX 355 HELENA MT 59624 SHANE COLTON PRESIDENT 2.00 X X 0 0 0 GEORGE S OLSEN DIRECTOR 1.00 1.00 X 0 0 0 PHIL ROSTAD SECRETARY-TREASURER 1.00 X X 0 0 0 RICK BERG DIRECTOR 1.00 X 0 0 0 JULIE PRIBYL DIRECTOR 1.00 X 0 0 0 ERROL RICE DIRECTOR 1.00 X 0 0 0 CHRIS MONTAGUE DIRECTOR 1.00 1.00 X 0 0 0 DAN VERMILLION DIRECTOR 1.00 X 0 0 0 JERRY SORENSON DIRECTOR 1.00 X 0 0 0 TAYA R CROMLEY PHD VICE-PRESIDENT 1.00 X X 0 0 0 KIRSTEN FELDMAN DIRECTOR 1.00 1.00 X 0 0 0 CAROLINE KURTZ DIRECTOR 1.00 X 0 0 0 DAVID LEUSCHEN DIRECTOR 1.00 X 0 0 0 KATIE STOKES MANAGING DIRECTOR 40.00 1.00 X 96049 0 14294 KENDALL VAN DYK MANAGING DIRECTOR 40.00 1.00 X 116556 0 16755 JORDAN VANA MANAGING DIRECTOR 40.00 X 104124 0 17895 316729 0 48944 5 0 0 0 0 8147449 17281905 13082748 25429354 793348 793348 70802 26000000 839719 13566884 -768917 12433116 11664199 11664199 37886901 0 0 12457547 3323467 3323467 1575465 1019271 458798 97396 138031 89301 40197 8533 62900 40694 18317 3889 128300 83395 32075 12830 251179 221259 29920 22700 2626 20074 7721 7721 197742 177858 19884 33945 28374 1721 3850 70096 37985 15386 16725 42657 27921 6798 7938 73714 51776 17047 4891 157382 120119 18397 18866 57043 18344 38589 110 29535 28906 188 441 27117 17626 6779 2712 8594 3578 2808 2208 ACQUISITION RIGHTS 11452149 11452149 17659737 16752370 707094 200273 2326753 938450 160057 14570664 317687 515132 11000000 1321203 151587 177506 1169616 10680289 5644879 968 988 13663260 33839729 66743 237237 1240000 0 1306743 237237 X 7942858 30087779 4413659 3514713 12356517 33602492 13663260 33839729 X 20227164 1065145 -46334 0 X X 0 1 X 1 1 1 X 5338534 5087805 21785610 13117005 25429354 70758308 5338534 5087805 21785610 13117005 25429354 70758308 70758308 80889 84642 151818 282548 12457547 13057444 -17206 -40044 -57250 83758502 0.84480 0.98880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 17659737 17659737 1000000 250000 0 0 466058 959853 845620 1000000 3271531 4907297 55000 55000 116515 239963 211405 250000 817883 1226825 45000 45000 X X 985 1319747.00 0 0 13 1 1 12932.00 631407 1 0 0 0 0 0 1 1 1 1 1 1.00000 0 1 1 354906 354906 15000 10583 4417 319404 141004 178400 631893 631893 1169616 38952046 1065145 1065145 37886901 0 37886901 17659737 0 17659737 0 17659737 PART II, LINE 3: OF THE TOTAL 985 CONSERVATION EASEMENTS HELD BY MLR AT THE END OF 2023, THIRTEEN (13) EASEMENT DOCUMENTS WERE MODIFIED (1.3%). THE THIRTEEN (13) MODIFICATIONS CONSISTED OF NINE (9) "SAFE HARBOR" AMENDMENTS TO DEEDS OF CONSERVATION EASEMENT THAT ADDED THE IRS'S SAFE HARBOR PROVISIONS ISSUED BY NOTICE 2023-30 ON APRIL 24, 2023, AS DIRECTED BY THE UNITED STATES CONGRESS IN THE SECURE 2.0 ACT, SECTION 605(D)(1). THE REMAINING FOUR (4) MODIFICATIONS CONSIST OF TWO (2) RESTATEMENTS AND AMENDMENTS TO ENHANCE CONSERVATION BY CONSOLIDATING AND LIMITING DEVELOPMENT AND TO EXERCISE RESERVED RIGHTS; ONE (1) RESTATEMENT OF CONSERVATION EASEMENT TO INCLUDE ADDITIONAL ACREAGE TO THE ORIGINAL EASEMENT; AND ONE (1) CORRECTION TO DEED OF CONSERVATION EASEMENT FILED TO CORRECT A SCRIVENER'S ERROR. ALL 13 (13) OF THE EASEMENT MODIFICATIONS SECURED THE LANDOWNER'S RATIFICATION OF THE TERMS AND CONDITIONS OF THE CONSERVATION VALUES AND PURPOSES OF THE ORIGINAL EASEMENTS. AS AN ACCREDITED LAND TRUST, MLR FOLLOWS A RIGOROUS CONSERVATION EASEMENT AMENDMENT POLICY TO ENSURE PERPETUAL PROTECTION OF THE CONSERVATION VALUES AND AVOID CONFERRAL OF PRIVATE BENEFIT AND INUREMENT, ALL IN ACCORDANCE WITH NATIONAL STANDARDS AND PRACTICES AS RECOMMENDED BY THE LAND TRUST ALLIANCE. SMILING MOOSE RANCH I (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 29, 1994, AS DOCUMENT NO. 049532, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 1,105-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210422, RECORDS OF MADISON COUNTY, MONTANA. SMILING MOOSE RANCH II (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 1996, AS DOCUMENT NO. 059587, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 113-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210423, RECORDS OF MADISON COUNTY, MONTANA. RIVER HOUSE (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 2013, AS DOCUMENT NO. 154145, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 23-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210424, RECORDS OF MADISON COUNTY, MONTANA. RAINBOW LAKE LODGE (JANURA) SAFE HARBOR AMENDMENT (MADISON AND BEAVERHEAD COUNTIES): THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 2013, AS DOCUMENT NO. 154144, RECORDS OF MADISON COUNTY, MONTANA, AND ON DECEMBER 24, 2013, AS DOCUMENT NO. 280709, RECORDS OF BEAVERHEAD COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 636-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210425, RECORDS OF MADISON COUNTY, MONTANA, AND ON JULY 13, 2023, AS DOCUMENT NO. 306397, RECORDS OF BEAVERHEAD COUNTY, MONTANA. MYTTON SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 22, 2006, AS DOCUMENT NO. 329476, RECORDS OF STILLWATER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 1,991-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 18, 2023, AS DOCUMENT NO. 390127, RECORDS OF STILLWATER COUNTY, MONTANA. HERMAN II SAFE HARBOR AMENDMENT (MADISON AND GALLATIN COUNTIES): THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 12, 2022, AS DOCUMENT NO. 207721, RECORDS OF MADISON COUNTY, MONTANA, AND AS DOCUMENT NO. 2792430, RECORDS OF GALLATIN COUNTY. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 4,951-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JUNE 16, 2023, AS DOCUMENT NO. 210125, RECORDS OF MADISON COUNTY, MONTANA, AND AS DOCUMENT NO. 2803336, RECORDS OF GALLATIN COUNTY, MONTANA. HERMAN I SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 28, 2000, AS DOCUMENT NO. BOOK 77D, PAGE 890, RECORDS OF SWEET GRASS COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 855-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JUNE 28, 2023, AS DOCUMENT NO. 164547, RECORDS OF SWEET GRASS COUNTY, MONTANA. COLLINS II SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 23, 2020, AS DOCUMENT NO. 202000043353, RECORDS OF FLATHEAD COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 672-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 18, 2023, AS DOCUMENT NO. 202300010808, RECORDS OF STILLWATER COUNTY, MONTANA. BERG (RICK) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 22, 2006, AS DOCUMENT NO. 134416, RECORDS OF MEAGHER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 6,912-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 14, 2023, AS DOCUMENT NO. 149785, RECORDS OF MEAGHER COUNTY, MONTANA. COBB-GEARY RESTATEMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 20, 1994, AS DOCUMENT NO. 049383, RECORDS OF MADISON COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNER ACQUIRED ADJOINING PROPERTY THAT THEY REQUESTED BE INCORPORATED INTO THE EXISTING EASEMENT, FOR A TOTAL OF 187 ACRES. THE RESTATED CONSERVATION EASEMENT ALSO GENERALLY CLARIFIED THE EASEMENT LANGUAGE AND BROUGHT THE RESOURCE DOCUMENTATION UP TO MODERN STANDARDS. THE RESTATEMENT OF DEED OF CONSERVATION EASEMENT AND GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS WAS RECORDED ON DECEMBER 15, 2023, AS DOCUMENT NO. 212895, RECORDS OF MADISON COUNTY, MONTANA. DRY COTTONWOOD CREEK RATIFICATION AND AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 27, 2019, AS DOCUMENT NO. 206522, RECORDS OF ANACONDA-DEER LODGE COUNTY, MONTANA. TO FURTHER ENHANCE, PROTECT, AND PRESERVE THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 3,396-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO CONSOLIDATE DEVELOPMENT OF THE PROPERTY, TO PERMANENTLY EXERCISE AND EXHAUST THE RESERVED RIGHT OF THE GRANTOR TO SITE THE LAST REMAINING ALLOWED BUILDING ENVELOPE, AND TO FURTHER LIMIT THE LOCATION AND BOUNDARIES OF THE ONE ALLOWED RESIDENCE. THIS AMENDMENT WILL REDUCE THE OVERALL RESIDENTIAL FOOTPRINT AND LIMIT FUTURE DEVELOPMENT ON THE PROPERTY, THEREBY FURTHER ENHANCING THE PART II, LINE 5: THE MONTANA LAND RELIANCE (MLR) HAS A MONITORING POLICY. THE MLR STEWARDSHIP STAFF MONITORS EACH AND EVERY PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. THIS MONITORING INCLUDES A VISIT TO THE SUBJECT PROPERTY AND DISCUSSIONS WITH THE LANDOWNERS/MANAGERS. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION AND CONTACTS FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF ALSO WORKS WITH LEGAL COUNSEL IN REGARD TO POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL OF THE EASEMENT PROJECT FILES FOR THE EASEMENTS THAT HAVE BEEN COMPLETED AND ARE OF RECORD - SCANNING OF THIS DOCUMENTATION WILL ENHANCE STAFF'S ABILITY TO WORK EFFICIENTLY WITH EASEMENT HOLDERS ACROSS THE STATE. PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED BY MLR AS IN-KIND DONATIONS WITH A VALUE OF $1 EACH. BY A RESOLUTION OF THE BOARD OF DIRECTORS, MLR VALUES ALL CONSERVATION EASEMENTS HELD AT A NOMINAL AMOUNT OF $1 DUE TO THE FACT THAT SAID EASEMENTS CANNOT BE SOLD, TRANSFERRED, OR BORROWED AGAINST. EXPENSES INCURRED IN "BARGAIN" PURCHASES OF EASEMENTS AND OTHER IN-HOUSE EXPENSES RELATED TO COMPLETION OF CONSERVATION EASEMENTS ARE EXPENSED OUT IN THE YEAR OF THE PURCHASE AND/OR DONATION. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE USED IN MLR'S ANNUAL AUDITED FINANCIAL STATEMENTS: "MLR HAS ACQUIRED CONSERVATION EASEMENTS FROM VARIOUS CONTRIBUTORS. CONSERVATION EASEMENTS REPRESENT RIGHTS TO RESTRICT USE OF CERTAIN PROPERTIES. BY ACCEPTING THE EASEMENT CONTRIBUTION, MLR COMMITS TO PROTECTING THE EASEMENT RESTRICTIONS IN PERPETUITY. THE EASEMENTS HAVE NO MARKET VALUE IN THE HANDS OF MLR. MLR CAN ASSIGN THE EASEMENTS ONLY TO ANOTHER QUALIFIED CONSERVATION ORGANIZATION. ACCORDINGLY, THEY ARE REPRESENTED IN THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF ONE DOLLAR PER EASEMENT. PURCHASED EASEMENTS ARE EXPENSED." PART V, LINE 4: THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED TO HOLD ASSETS IN SUPPORT OF THE MONTANA LAND RELIANCE (MLR) AS A RELATED 509(A)(3) SUPPORT ORGANIZATION. ONE OF THE FUNDS THAT IS CURRENTLY HELD BY AND OVERSEEN BY THE FOUNDATION IS THE CONSERVATION FUND, WHICH HAS TWO SUBFUNDS, THE "GENERAL CONSERVATION FUND AND THE "LEGACY FUND." THE CONSERVATION FUND IS AN ENDOWMENT FUND. GENERAL CONSERVATION FUND: THE GENERAL CONSERVATION FUND PROVIDES A SOURCE OF REVENUE TO MLR FOR OUTREACH TO LANDOWNERS FOR LAND CONSERVATION PROJECTS, AND RESEARCH, PUBLIC OUTREACH, AND EDUCATION ON PRIVATE LAND CONSERVATION. THE PRESENT VALUE OF ANY CONTRIBUTIONS TO THE FUND IS NOT EXPENDED AS REQUIRED BY MONTANA ADMINISTRATIVE RULE 42.15.507(6) AND ANY SUCCESSOR PROVISION. THE CORPUS MAY NOT BE USED. ANY GRANT REQUEST TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. LEGACY FUND: THE LEGACY FUND PROVIDES A STEADY SOURCE OF REVENUE TO MLR FOR BRIDGE CAPITAL FOR PROPERTY ACQUISITIONS, FOR OPTION PURCHASES FOR ALL OR A PORTION OF A THREATENED PROPERTY TO BE RESOLD TO A CONSERVATION BUYER, OR FOR CONSERVATION EASEMENT PURCHASES. THE CORPUS OF THE FUND MAY NOT BE USED. ANY GRANT REQUESTS TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. SCHEDULE D, PART II, LINE 3 - CONTINUED CONSERVATION VALUES PROTECTED BY THE EASEMENT. THE AMENDMENT WAS APPROVED BY ALL PARTIES TO THE ORIGINAL EASEMENT, INCLUDING THE STATE OF MONTANA, BY AND THROUGH THE NATURAL RESOURCE DAMAGE PROGRAM, AND THE MONTANA DEPARTMENT OF FISH, WILDLIFE, AND PARKS. THE RATIFICATION AND AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON AUGUST 29, 2023, AS DOCUMENT NO. 216465, RECORDS OF ANACONDA-DEER LODGE COUNTY, MONTANA. SCHWAB (SOUTH FORTH) AMENDMENT: THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS APPROXIMATELY 1,581 ACRES PROPERTY WAS RECORDED ON DECEMBER 28, 2006, AS DOCUMENT NO. 2252316, RECORDS OF GALLATIN COUNTY, MONTANA. PURSUANT TO AN APPLICABLE PUD ORDER, THE EASEMENT ALLOWED FOR TEN "HOME SITES" TO BE LOCATED WITHIN THE EXTERIOR BOUNDARIES OF TRACTS INCLUDED IN THE EASEMENT PROPERTY, BUT EXCLUDED FROM THE PROPERTY, AND THEREFORE THE EASEMENT'S PURPOSE WAS TO PROTECT THE CONSERVATION VALUES ON THE PROPERTY SURROUNDING THOSE HOME SITES. GRANTOR RETAINED THE RIGHT TO RELOCATE EACH HOME SITE WITHIN A LIMITED, PREDEFINED AREA UNDER CERTAIN CONDITIONS. THESE CONDITIONS INCLUDED OBTAINING EXPRESS WRITTEN APPROVAL OF GALLATIN COUNTY PLANNING AUTHORITIES; ENSURING THE RELOCATED AREA DOES NOT EXCEED APPLICABLE ACREAGE LIMITATIONS; ENSURING THE AREAS NO LONGER WITHIN THE HOME SITE AFTER RELOCATION ARE ADDED TO THE LEGAL DESCRIPTION OF THE PROPERTY PROTECTED BY THE EASEMENT, SO THAT THERE IS NO NET LOSS IN ACREAGE; AND PROVIDING GRANTEE WITH COPIES OF A REVISED AND RECORDED CERTIFICATE OF SURVEY DESCRIBING THE RELOCATED HOME SITE AND THE NEW LEGAL DESCRIPTION OF THE PROPERTY. THE EASEMENT PROVIDED THAT GRANTOR AND GRANTEE SHALL AMEND EXHIBIT A TO REFLECT THE CHANGED LEGAL DESCRIPTION OF THE PROPERTY THAT IS SUBJECT TO THE EASEMENT AND AMEND EXHIBIT D TO REFLECT THE REVISED LOCATION OF THE PERMITTED HOME SITE, UPON SATISFACTION OF THE CONDITIONS ABOVE, WHICH WERE MET BY GRANTOR. ACCORDINGLY, THIS FIRST AMENDMENT OF DEED OF CONSERVATION EASEMENT REFLECTING THE CHANGED LEGAL DESCRIPTION AND EXHIBIT D WAS RECORDED IN THE PUBLIC RECORDS OF GALLATIN COUNTY, MONTANA, ON DECEMBER 11, 2023, AS DOCUMENT NO. 2816714. RANGE CORRECTION: THIS 159-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON DECEMBER 12, 1994, AS DOCUMENT NO. 527585, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA. AFTER THE EASEMENT WAS GRANTED, THE PARTIES DISCOVERED AN INADVERTENT ERROR IN THE LEGAL DESCRIPTION, WHICH MISTAKENLY INCLUDED CERTAIN REAL PROPERTY LYING WEST OF INTERSTATE 15 NOT INTENDED TO BE MADE SUBJECT TO THE CONSERVATION EASEMENT. THE PARTIES MUTUALLY AGREED TO CORRECT THE ERROR TO CLARIFY THE LEGAL DESCRIPTION TO MATCH THE INTENTIONS AND EXPECTATIONS OF BOTH PARTIES AT THE TIME THAT THE EASEMENT WAS ORIGINALLY RECORDED. THIS CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON APRIL 20, 2023, AS DOCUMENT NO. 3410345, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA. 1 MONTANA LAND RELIANCE FOUNDATION PO BOX 355 HELENA MT 59624 271125289 501(C)(3) 3304502 0 CASH SCH I, STMT 1 RUBY HABITAT FOUNDATION PO BOX 638 SHERIDAN MT 59749 450487621 501(C)(3) 18965 0 CASH SCH I, STMT 1 2 SCHEDULE I, PART I, LINE 2 THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED IN 2010 TO PROVIDE FINANCIAL ASSISTANCE TO THE MONTANA LAND RELIANCE (MLR) AND TO HOLD ASSETS IN SUPPORT OF MLR. TWO MEMBERS OF MLR'S BOARD OF DIRECTORS SERVE ON THE BOARD OF THE MONTANA LAND RELIANCE FOUNDATION TO PROVIDE OVERSIGHT OF THE USE OF FUNDS PROVIDED TO THE FOUNDATION BY MLR. THERE ARE FOUR OTHER MEMBERS OF THE FOUNDATION'S BOARD THAT ARE NOT MEMBERS OF THE MLR BOARD AND PROVIDE FURTHER OVERSIGHT OF THESE FUNDS. MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. IN 2023 MLR GRANTED $3,304,502 TO BE INVESTED INTO THE GENERAL FUND (INCOME FROM WHICH IS USED TO ASSIST MLR WITH CONSERVATION EASEMENT PROJECT COSTS AND MONITORING/STEWARDSHIP COSTS). THE RUBY HABITAT FOUNDATION WAS ESTABLISHED IN 2002 AND IS DEDICATED TO PRESERVING AND ENHANCING THE NATURAL RESOURCES AND THE SOCIAL AND ECONOMIC MAKEUP OF THE RUBY VALLEY AND SOUTHWEST MONTANA. THIS IS ACCOMPLISHED THROUGH THE PRESERVATION OF OPEN SPACE, CONTINUATION OF AGRICULTURAL OPERATIONS AND ASSOCIATED DEMONSTRATIONS, AND EDUCTION AND OUTREACH EFFORTS. TWO MEMBERS OF MLR'S BOARD OF DIRECTORS SERVE ON THE BOARD OF THE RUBY HABITAT FOUNDATION TO PROVIDE OVERSIGHT OF THE USE OF FUNDS PROVIDED TO THE FOUNDATION BY MLR. IN 2023 MLR GRANTED $18,965 OF GENERAL DONATIONS INTENDED FOR GENERAL PURPOSES TO THE RUBY HABITAT FOUNDATION. MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 37779 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE MLR FOUNDATION. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 RUBY HABITAT FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 6000 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE RUBY HABITAT FOUNDATION. THE PRESIDENT OF THE MLR'S BOARD OF DIRECTORS, ONE OF MLR'S MANAGING DIRECTORS, AND ONE DIRECTOR APPOINTED BY MLR SERVE ON THE BOARD OF DIRECTORS OF THE RUBY HABITAT FOUNDATION TO PROVIDE OVERSIGHT. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 3304502 MLR MONIES GRANTED TO THE FOUNDATION ARE INVESTED TO PROVIDE INCOME THAT IS THEN GRANTED TO MLR TO ASSIST IN THE COMPLETION OF LAND PROJECTS, TO ASSIST WITH THE FINANCIAL BURDEN OF MONITORING EXISTING CONSERVATION EASEMENTS, TO ASSIST MLR WITH COSTS ASSOCIATED WITH ITS EDUCATION AND OUTREACH PROGRAM TO LANDOWNERS, PROFESSIONALS, AND OTHER CONSERVATION ORGANIZATIONS, AND TO ASSIST MLR WITH ITS GENERAL OPERATING EXPENDITURES. TWO MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 RUBY HABITAT FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 18965 MLR MONIES GRANTED TO THE RUBY HABITAT FOUNDATION ARE USED TO ASSIST WITH THE CHARITABLE PROGRAMS OF THE FOUNDATION. 0 X 10 101529 MARKET VALUATION X 19 19 VALUED AT $1.00 EACH. X 1 12981200 MARKET VALUATION 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY LEGAL COUNSEL, AND THEN DISTRIBUTED TO THE MLR OFFICERS AND BOARD OF DIRECTORS, FOR REVIEW, COMMENT, AND APPROVAL. SHOULD THE DRAFTING OF THE FORM 990 BE DELAYED, LEAVING INSUFFICIENT TIME FOR THE FULL BOARD OF DIRECTORS' REVIEW, THE MLR FINANCIAL COMMITTEE IS AUTHORIZED TO REVIEW AND APPROVE THE SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C MLR'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, BOARD MEMBERS, MEMBERS OF THE COUNCIL OF TRUSTEES, MAJOR DONORS, AND INDIVIDUALS SUCH AS INDEPENDENT CONTRACTORS OR FORMER EMPLOYEES WHO MIGHT HAVE ACCESS TO INSIDE INFORMATION (CONFLICTED PARTIES) AND REFERENCES CONFLICTED PARTIES' SPOUSES, DOMESTIC PARTNERS, PARENTS, GRANDPARENTS, CHILDREN, GRANDCHILDREN, SIBLINGS, OR BUSINESS ENTITIES (RELATED PARTIES). A CONFLICTED PARTY MUST DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND HIS/HER INTEREST IN SAID TRANSACTION TO THE FULL BOARD/STAFF PRIOR TO ANY DISCUSSION, AND SHALL NOT VOTE ON OR BE PRESENT FOR THE DISCUSSION OF AN ISSUE GIVING RISE TO ANY POTENTIAL CONFLICT. POTENTIAL CONFLICTS OF INTEREST ARE DOCUMENTED IN BOARD MINUTES AND DISCUSSED WITH LEGAL COUNSEL IF NECESSARY. IN ACCORDANCE WITH MONTANA LAW, A TRANSACTION WITH A CONFLICTED PARTY MAY ONLY BE AUTHORIZED, APPROVED, OR RATIFIED IF THE TRANSACTION RECEIVED THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS WHO HAVE NO DIRECT OR IN-DIRECT INTEREST IN THE TRANSACTION. EACH DIRECTOR AND EMPLOYEE SIGNS A STATEMENT, WHICH AFFIRMS HE/SHE HAS RECEIVED, READ, UNDERSTANDS, AND AGREES TO COMPLY IN ALL RESPECTS WITH MLR'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF ALL MLR EMPLOYEES ARE DETERMINED BY THE BOARD OF DIRECTORS, AFTER CONSIDERATION OF ANY RECOMMENDATIONS RECEIVED FROM THE MANAGEMENT TEAM AND THE BOARD'S COMPENSATION AND EVALUATION COMMITTEE AND ARE BASED UPON THEIR REVIEW OF SALARY/BENEFIT SURVEYS CONDUCTED ON OTHER CONSERVATION ORGANIZATIONS ACROSS THE COUNTRY. THESE SURVEYS ARE CONDUCTED ANNUALLY BY THE LAND TRUST ALLIANCE AND BY TREC (A NATIONALLY KNOWN SURVEY ORGANIZATION). MLR STAFF MAY ALSO BE GIVEN COST-OF-LIVING INCREASES THAT TAKE INTO CONSIDERATION THE SOCIAL SECURITY ADMINISTRATION'S COST-OF-LIVING CALCULATIONS. THE COMPENSATION AND EVALUATION COMMITTEE HAS THE AUTHORITY TO REVISE PROPOSED SALARY PACKAGES IF THEY DETERMINE THAT IS NECESSARY/WARRANTED. THE ANNUAL SALARY PACKAGES (ALONG WITH RECOMMENDATIONS FROM THE COMPENSATION AND EVALUATION COMMITTEE) ARE PRESENTED TO AND DISCUSSED WITH THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 MLR PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST AT NO COST. FORM 990, PART XII, LINE 2C MLR'S BOARD OF DIRECTORS AND MANAGEMENT OVERSEE AND REVIEW THE FINANCIAL STATEMENT AUDIT EACH YEAR. FORM 990, PART XI, LINE 9 ON JANUARY 1, 2023, THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASU 2016-13, FINANCIAL INSTRUMENTS-CREDIT LOSSES (TOPIC 326): MEASUREMENT OF CREDIT LOSSES ON FINANCIAL INSTRUMENTS, AND ALL RELATED AMENDMENTS THERETO. THIS ASU REPLACED THE INCURRED LOSS METHOD OF MEASURING FINANCIAL ASSETS WITH AN EXPECTED LOSS METHOD, WHICH IS REFERRED TO AS THE CURRENT EXPECTED CREDIT LOSS (CECL) METHOD. CECL REQUIRES AN ESTIMATE OF CREDIT LOSSES OVER THE LIFE OF THE FINANCIAL ASSET USING HISTORICAL EXPERIENCE, CURRENT CONDITIONS, AND REASONABLE AND SUPPORTABLE FORECASTS. FOR THE ORGANIZATION, THE ASU APPLIES TO THE MEASUREMENT OF ITS ACCOUNTS RECEIVABLE RELATED TO POTENTIAL CONSERVATION EASEMENTS AND CONTRACT REVENUE. ACCOUNT RECEIVABLE ARE NOW ANALYZED USING HISTORICAL LOSS DATA COMBINED WITH CURRENT CONDITIONS AND REASONABLE FORECASTS OF FUTURE LOSSES TO DETERMINE ESTIMATED CREDIT LOSSES. THE ORGANIZATION ADOPTED THE NEW STANDARD USING THE MODIFIED RETROSPECTIVE APPROACH. THE CUMULATIVE EFFECT OF INITIALLY APPLYING THE CECL MEASUREMENT IS REPORTED BY RESTATING THE RETAINED EARNINGS AT JANUARY 1. THE TRANSITION ADJUSTMENT OF THE ADOPTION OF CECL INCREASED THE ALLOWANCE FOR CREDIT LOSSES ON ACCOUNT RECEIVABLES AND INCREASED THE CUMULATIVE EXCESS OF REVENUES OVER EXPENSES BY $46,334. RUBY HABITAT FOUNDATION PO BOX 638 SHERIDAN MT 59749 450487621 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 MONTANA LAND RELIANCE FOUNDATION PO BOX 355 HELENA MT 59624 271125289 SUPPORT ORGANIZATION MT 501(C)(3) LINE 1 THE MONTANA LAND RELIANCE 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MONTANA LAND RELIANCE FOUNDATION B 3304502 CASH MONTANA LAND RELIANCE FOUNDATION L 36000 CASH (SERVICES AGREEMENT) MONTANA LAND RELIANCE FOUNDATION Q 1779 CASH RUBY HABITAT FOUNDATION L 6000 CASH (SERVICES AGREEMENT) RUBY HABITAT FOUNDATION B 18965 GRANT-PASSTHROUGH DONATION