2022-11-14T12:11:13-06:00 2021-12-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2021-01-01 810369262 THE MONTANA LAND RELIANCE MONT 4064437027 PO BOX 355 HELENA MT 596240355 GEORGE OLSEN PRESIDENT 4064437027 2022-11-10 1 GEORGE OLSEN 999009999 DEBBIE OUELLETTE P00174388 4064944754 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GEORGE OLSEN PO BOX 355 HELENA MT 59624 22780461 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. 14 12 33 28 0 0 7434666 21785610 0 0 84642 151818 -3311 0 7515997 21937428 473375 324853 0 0 1329260 1395260 0 0 136363 4518513 14476953 6321148 16197066 1194849 5740362 8429136 13853510 124838 133837 8304298 13719673 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 14401782 LAND PROJECTS: MLR WORKED WITH NUMEROUS LANDOWNERS IN 2021 TO PERMANENTLY PROTECT THEIR PRIVATE LANDS FOR CONTINUED AGRICULTURAL PRODUCTION, OPEN SPACE, AND NATURAL HABITAT. SIXTEEN LANDOWNERS DONATED OR SOLD CONSERVATION EASEMENTS TO MLR THAT PROTECTED APPROXIMATELY 48,952 ACRES, INCLUDING ADDITIONAL ACREAGE IN THE GREATER YELLOWSTONE AND NORTHERN CONTINENTAL DIVIDE ECOSYSTEMS BORDERING YELLOWSTONE AND GLACIER NATIONAL PARKS. OVER 25 MILES OF RIVER/STREAM FRONTAGE ON SOME OF MONTANA'S BLUE RIBBON TROUT FISHERIES WERE PROTECTED IN PERPETUITY. MLR HAS PROTECTED A TOTAL OF 1,220,084 ACRES OF AGRICULTURAL/RECREATIONAL LANDS IN MONTANA. THAT ACREAGE INCLUDES 328,207 ACRES IN THE GREATER YELLOWSTONE ECOSYSTEM; 20,822 ACRES IN THE NORTHERN CONTINENTAL DIVIDE ECOSYSTEM; 209,665 ACRES OF CROP/HAY/PASTURE LANDS; 1,010,419 ACRES OF RANGE AND FOREST LANDS; 611,369 ACRES OF ELK HABITAT; AND OVER 46,742 ACRES OF WETLANDS. OVER 1,900 MILES OF STREAM FRONTAGE HAVE BEEN PROTECTED BY EASEMENTS HELD BY MLR TO DATE. SPECIFIC EXPENDITURES RELATED TO LAND PROJECTS: TOTAL EXPENDITURES WERE $14,308,825 IN 2021. THESE EXPENDITURES RELATED TO POTENTIAL LAND PROJECTS, COMPLETED CONSERVATION EASEMENTS (DONATED), AND PURCHASED CONSERVATION EASEMENTS. GENERAL LAND PROJECT PLANNING AND EASEMENT DISCUSSIONS AMOUNTED TO $234,273; COMPLETED EASEMENT PROJECTS AND NEW LAND PROJECTS BEING NEGOTIATED EXPENDITURES WERE $110,264; NON-COLLECTIBLE PROJECT ACCOUNTS TOTALED $35,088; AND PURCHASED EASEMENTS AMOUNTED TO THE REMAINING $14,022,157 (KEY O RANCH - $3,777,000; SAUERBIER I - $3,901,000; SAUERBIER II - $800,000; FAUTH - $1,764,660; NORTHGATE 444 - $573,345; MURDOCK - $553,000; SODA CREEK - $1,312,500; GRUEL - $1,320,000; HALL - $20,652). 653308 324853 STEWARDSHIP AND MONITORING: MLR STEWARDSHIP STAFF (CONSISTING OF 1 LANDS MANAGER; 1 GIS COORDINATOR/LAND STEWARD; 1 STEWARDSHIP COORDINATOR; AND 19 PART-TIME LAND STEWARDS) MONITOR EACH 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 WORKS WITH LEGAL COUNSEL IN REGARD TO ANY POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL THE EASEMENT PROJECT FILES FOR THE 938 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. MLR GRANTED 324,853 TO THE MONTANA LAND RELIANCE FOUNDATION INC., TO BE INVESTED INTO THE LAND PROTECTION FUND TO COVER STEWARDSHIP AND MONITORING EXPENDITURES. TOTAL EXPENSES RELATED TO THE STEWARDSHIP, MONITORING, AND ENFORCEMENT OF THE 938 CONSERVATION EASEMENTS HELD BY MLR AMOUNTED TO $653,308, INCLUDING $324,853 GRANTED TO THE MONTANA LAND RELIANCE FOUNDATION. GENERAL ADMINISTRATION OF THE STEWARDSHIP PROGRAM; MAPPING OF NEW/POTENTIAL PROJECTS; DIGITIZING OF ALL EXISTING EASEMENT FILES/DOCUMENTS ACCOUNTED FOR $45,149. THE REMAINING $283,306 COVERED THE COSTS OF THE LANDS MANAGER, LAND STEWARD/GIS COORDINATOR, STEWARDSHIP COORDINATOR, AND 19 PART-TIME LAND STEWARDS (SALARIES/BENEFITS - $201,209; FEES FOR SERVICES - $8,701; OFFICE EXPENSES - $6,945; INFORMATION TECHNOLOGY - $10,974; OCCUPANCY - $8,113; TRAVEL/PER DIEM - $46,587; AND CONFERENCE/CONVENTIONS - $777). 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. 444351 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. EXPENDITURES RELATED TO MLR'S OUTREACH AND EDUCATION ACTIVITIES AMOUNTED TO $444,351 IN 2021. THOSE EXPENDITURES INCLUDED GENERAL OUTREACH ACTIVITIES TO LANDOWNERS, ATTORNEYS, ACCOUNTANTS, GOVERNMENT AGENCIES, ETC. - $364,193; PUBLICATION MATERIALS (BROCHURES, ANNUAL REPORT, NEWSLETTERS, ETC.) - $32,006; AND MEMBERSHIP AND OUTREACH TO STATE, REGIONAL, AND NATIONAL LAND CONSERVATION/AGRICULTURAL ORGANIZATION, ETC., - $48,152 15499441 1 1 0 1 0 0 1 0 0 1 1 0 0 1 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 7 0 1 33 1 0 0 0 0 0 0 0 0 0 0 X 14 12 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 GEORGE S OLSEN PRESIDENT 2.00 1.00 X X 0 0 0 RICK BERG VICE-PRESIDENT 1.00 X X 0 0 0 PHIL ROSTAD SECRETARY-TREASURER 1.00 1.00 X X 0 0 0 JERRY TOWNSEND DIRECTOR 1.00 X 0 0 0 ALLEN BJERGO DIRECTOR 1.00 X 0 0 0 JUDY TURECK DIRECTOR 1.00 X 0 0 0 CHRIS MONTAGUE DIRECTOR 1.00 X 0 0 0 DAN VERMILLION DIRECTOR 1.00 X 0 0 0 JERRY SORENSON DIRECTOR 1.00 X 0 0 0 SHANE COLTON DIRECTOR 1.00 X 0 0 0 KEN WILSON DIRECTOR 1.00 X 0 0 0 CAROLINE KURTZ DIRECTOR 1.00 X 0 0 0 DAVID LEUSCHEN DIRECTOR 1.00 X 0 0 0 KIRSTEN FELDMAN DIRECTOR 1.00 X 0 0 0 LOIS DELGER-DEMARS MANAGING DIRECTOR 40.00 2.00 X 128999 0 5400 KENDALL VAN DYK MANAGING DIRECTOR 40.00 X 99212 0 5400 JORDAN VANA MANAGING DIRECTOR 40.00 X 84788 0 5397 312999 0 16197 1 0 0 0 0 461063 13702528 7622019 1923607 21785610 154070 154070 840781 843033 -2252 -2252 -2252 21937428 0 0 151818 324853 324853 1108225 644447 397274 66504 122090 79358 30523 12209 72076 46849 18019 7208 92869 60365 23217 9287 24503 24503 17837 17837 54652 49662 2166 2824 35807 30937 4587 283 46231 23380 10558 12293 33588 25570 3409 4609 72039 55814 10605 5620 89378 64087 14902 10389 23902 2330 20102 1470 32344 31288 499 557 18884 12275 4721 1888 5631 1566 2843 1222 ACQUISITION RIGHTS 14022157 14022157 16197066 15499441 561262 136363 555833 1025064 2930544 240011 390168 386882 458 170 3988 304698 124340 96006 180358 4455201 10163013 926 1854024 8429136 13853510 124838 133837 124838 133837 X 6072600 9162316 2231698 4557357 8304298 13719673 8429136 13853510 5740362 -324987 0 X X 0 1 X 1 1 1 X 3285062 4460384 5338534 5087805 21785610 39957395 3285062 4460384 5338534 5087805 21785610 39957395 39957395 42428 42434 80889 84642 151818 402211 -66027 -18703 -17206 -40044 -141980 40217626 0.99350 0.95920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16197066 16197066 959853 239963 0 0 356480 632036 466058 959853 2414427 3621641 89120 158009 116515 239963 603607 905411 X X 938 1220084.00 0 0 13 1 1 7543.00 328263 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.00000 0 1 1 15000 8583 6417 289698 115757 173941 180358 LAND HELD FOR SALE 1853083 CONSERVATION EASEMENTS 938 OTHER ASSETS 3 1854024 21914230 -23198 -23198 21937428 0 21937428 16197066 0 16197066 0 16197066 PART II, LINE 3: OF THE TOTAL 938 CONSERVATION EASEMENTS HELD BY MLR AT THE END OF 2021, THIRTEEN (13) EASEMENT DOCUMENTS WERE MODIFIED (1.4%). THE THIRTEEN (13) MODIFICATIONS CONSISTED OF SIX (6) AMENDMENTS THAT EITHER REMOVED EXISTING RESERVED RIGHTS OF THE GRANTOR, THEREBY INCREASING THE CONSERVATION VALUES PROTECTED BY THE EASEMENT, OR ADDED ACREAGE TO THE CONSERVATION EASEMENT. FOUR CORRECTIONS WERE FILED TO CORRECT SCRIVENER'S ERRORS IN LEGAL DESCRIPTIONS AND OTHER ERRORS FRUSTRATING THE PARTIES ORIGINAL INTENTIONS WHEN FIRST EXECUTING THE CONSERVATION EASEMENT. TWO (2) CONSOLIDATIONS WERE RECORDED TO COMBINE ADJOINING CONSERVED LANDS, UNDER SEPARATE CONSERVATION EASEMENTS HELD BY MLR, INTO ONE COHESIVE CONSERVATION EASEMENT DOCUMENT, AND TO FURTHER RESTRICT DEVELOPMENT AND (IN ONE CASE) TO ADD IN ACREAGE TO THE PROTECTED PROPERTY. ONE (1) CONSERVATION EASEMENT WAS RESTATED TO UPDATE A LEGAL DESCRIPTION, FURTHER RESTRICT DEVELOPMENT ON THE PROPERTY, AND TO DOCUMENT THE EXERCISE OF A RESERVED RIGHT. ALL THIRTEEN (13) OF THE EASEMENT MODIFICATIONS SECURED THE LANDOWNER'S RATIFICATION OF THE CONSERVATION VALUES, PURPOSES, AND TERMS AND CONDITIONS OF THE OF THE ORIGINAL EASEMENTS. AS AN ACCREDITED LAND TRUST, MLR FOLLOWED ITS RIGOROUS CONSERVATION EASEMENT AMENDMENT POLICY TO ENSURE PERPETUAL PROTECTION OF THE CONSERVATION VALUES AND TO AVOID CONFERRAL OF PRIVATE BENEFIT AND INUREMENT, ALL IN ACCORDANCE WITH NATIONAL STANDARDS AND PRACTICES AS RECOMMENDED BY THE LAND TRUST ALLIANCE. ARTHUN (DAVID) AMENDMENT THIS 4,421-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON OCTOBER 27, 2017 AS INSTRUMENT FILE NO. 371757 RECORDS OF CARBON COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNER ACQUIRED AN ADJOINING 204 ACRES THAT HE REQUESTED BE INCORPORATED INTO HIS EXISTING EASEMENT AND MAINTAINED AS UNDEVELOPED OPEN SPACE IN PERPETUITY. THE GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 17, 2021 AS DOC. NO. 389509, RECORDS OF CARBON COUNTY, MONTANA. BITTERROOT SPRINGS RANCH CORRECTION A DEED OF CONSERVATION EASEMENT WAS ORIGINALLY GRANTED TO THE NATURE CONSERVANCY ON PROPERTY IN RAVALLI COUNTY, RECORDED ON JANUARY 12, 1981, IN BOOK 157, AT PAGE 950, OFFICIAL RECORDS OF RAVALLI COUNTY. THAT EASEMENT WAS LATER ASSIGNED TO THE MONTANA LAND RELIANCE, RECORDED IN RAVALLI COUNTY ON OCTOBER 20, 1992. THAT ORIGINAL EASEMENT WAS SUBSEQUENTLY CONSOLIDATED WITH ADJOINING CONSERVED LAND OWNED BY THE LANDOWNER INTO A RESTATEMENT OF DEEDS OF CONSERVATION EASEMENT, RECORDED IN RAVALLI COUNTY AS DOC. NO. 660863 ON NOVEMBER 21, 2012. THE RESTATEMENT OF DEEDS OF CONSERVATION EASEMENT SPECIFIED CERTAIN TRANSFERABLE PARCELS BY REFERENCE TO AN OUTDATED CERTIFICATE OF SURVEY, WHICH INADVERTENTLY FRUSTRATED THE PARTIES' INTENT BY ERRONEOUSLY REQUIRING A SEPARATE APPROXIMATELY 0.13 ACRE PORTION OF THE CONSERVED PROPERTY TO TRANSFER TOGETHER WITH OTHER NON-CONTIGUOUS PROPERTY SUBJECT TO THE RESTATED CONSERVATION EASEMENT, AS PART OF THE LARGER REMAINDER TRACT, RATHER THAN THE CONTIGUOUS PROPERTY WITH WHICH IT WAS INTENDED TO BE HELD IN COMMON OWNERSHIP. THE 2021 CORRECTION CORRECTED THIS ERROR BY REFERENCING AN ACCURATE CERTIFICATE OF SURVEY OF THE PROPERTY REFLECTING THE PROPERTY DIVISION INTENDED AT THE TIME OF EXECUTION OF THE RESTATEMENT. THE DOCUMENT ALSO DOCUMENTED THE LOCATION OF A BUILDING ENVELOPE USING A NEW SURVEY. THE CORRECTION OF RESTATEMENT OF DEEDS OF CONSERVATION EASEMENT (TRANSFERABLE PROPERTY DESCRIPTIONS) WAS RECORDED ON MARCH 1, 2021 AS DOC. NO. 765905, RECORDS OF RAVALLI COUNTY, MONTANA. BOYETTE AMENDMENT THIS 61-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON DECEMBER 9, 1998, AS DOCUMENT NO. 234450, RECORDS OF BEAVERHEAD COUNTY, MONTANA, AS CORRECTED BY THAT CERTAIN CORRECTION TO DEED OF CONSERVATION EASEMENT RECORDED MARCH 5, 1999, AS DOCUMENT NO. 235271, RECORDS OF BEAVERHEAD COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNER ACQUIRED AN ADJOINING 14 ACRES THAT THEY REQUESTED BE INCORPORATED INTO THEIR EXISTING EASEMENT AND MAINTAINED AS UNDEVELOPED OPEN SPACE IN PERPETUITY. THE DOCUMENT ALSO ELIMINATES AMBIGUITIES AND DOCUMENTED THE LOCATION OF AN ALTERNATIVE BUILDING ENVELOPE USING MODERN MAPPING TECHNOLOGY. THE GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED MARCH 16, 2021, AS DOC. NO. 298410, BOOK 396, PAGE 2733-2743, RECORDS OF BEAVERHEAD COUNTY, MONTANA. CAMPBELL-FUQUA I AMENDMENT THIS 40-ACRE PARCEL WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON DECEMBER 26, 2002, IN BOOK 278, PAGE 17, RECORDS OF LINCOLN COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNERS ACQUIRED AN ADJOINING 25 ACRES THAT THEY REQUESTED BY INCORPORATED INTO THEIR EXISTING EASEMENT AND MAINTAINED AS UNDEVELOPED OPEN SPACE IN PERPETUITY. THE GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 12, 2021, AS DOC NO. 294474, BOOK 390 AT PAGE 948, RECORDS OF LINCOLN COUNTY, MONTANA. CHASE CORRECTION THIS 160-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED DECEMBER 28, 2006, AS DOCUMENT NO. 200636208030 IN THE RECORDS OF FLATHEAD COUNTY, MONTANA. AFTER THE DOCUMENT WAS RECORDED, THE GRANTOR AND MLR DISCOVERED AN INADVERTENT DRAFTING ERROR THAT FRUSTRATED THE LANDOWNER'S DOCUMENTED INTENT TO ALLOW FOR ROADS AND TRAILS TO BE CONSTRUCTED TO ACCESS PERMITTED STRUCTURES WITHIN AN ESTABLISHED DEVELOPMENT AREA. THE CORRECTION DEED ADDRESSED THE ERROR AND REQUIRED THAT ANY NEW ROADS BE SITED AND MAINTAINED SO AS TO MINIMIZE ADVERSE IMPACT TO CONSERVATION VALUES. THE CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED MARCH 9, 2021, AS DOC. NO. 202100007877, RECORDS OF FLATHEAD COUNTY, MONTANA. CIRCLE 3 NOTICE AND AMENDMENT - THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 18, 2013, AS DOC. NO. 280666 RECORDS OF BEAVERHEAD COUNTY, MONTANA, AS AMENDED AND RESTATED BY A RESTATEMENT OF DEED OF CONSERVATION EASEMENT AND GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS, RECORDED DECEMBER 23, 2016, AS DOC. NO. 287294, RECORDS OF BEAVERHEAD COUNTY, MONTANA. THE ORIGINAL EASEMENT PROTECTED OVER 1,323 ACRES AND THE RESTATED EASEMENT INCLUDED AN ADDITIONAL 532 ACRES. ON AUGUST 18, 2021, A NOTICE OF EXERCISE OF RESERVED RIGHT AND AMENDMENT OF RESTATED DEED OF CONSERVATION EASEMENT WAS EXECUTED TO REFLECT THE EXERCISE OF A RESERVED RIGHT IN THE 2016 RESTATED EASEMENT TO CONSOLIDATE BUILDING ENVELOPES IN THE PUBLIC RECORD AND TO AMEND EXHIBIT F TO THE RESTATED EASEMENT TO ELIMINATE TWO PRIOR BUILDING ENVELOPES AND REFLECT THE LOCATION AND BOUNDARIES OF THE NEWLY CONSOLIDATED BUILDING ENVELOPE. THE CONSOLIDATION OF THE BUILDING ENVELOPES WILL CLUSTER FUTURE DEVELOPMENT OF THE PROPERTY AND THEREBY SERVE TO PROTECT THE CONSERVATION VALUES OF THE PROPERTY. THE NOTICE OF EXERCISE OF RESERVED RIGHT AND AMENDMENT OF RESTATED DEED OF CONSERVATION EASEMENT WAS RECORDED ON AUGUST 27, 2021, AS DOC. NO. 300128, RECORDS OF BEAVERHEAD COUNTY, MONTANA. COMBS II AMENDMENT THIS 1,550-ACRE PARCEL WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED NOVEMBER 13, 2007 AS DOCUMENT NO. 122989 RECORDS OF MADISON COUNTY, MONTANA. TWO LANDOWNERS SUBJECT TO THE EASEMENT OFFERED TO CONSERVE AN ADDITIONAL 4.4 ACRES OF ADJOINING PROPERTY (IN TWO NON-CONTIGUOUS RIVERFRONT PARCELS), AS WELL AS CONSTRUCT SMALLER CABINS IN EXCHANGE FOR THE RIGHT TO CONSTRUCT ONE LARGE RESIDENCE, WHICH REDUCED THE TOTAL ALLOTTED SQUARE FOOTAGE LIMIT OF RESIDENTIAL DWELLING UNITS ON THE PROPERTY. ALL LANDOWNERS OF THE CONSERVATION EASEMENT ALSO OFFERED TO AMEND THE EASEMENT LANGUAGE TO REQUIRE ALL UTILITIES TO BE BURIED TO FURTHER PROTECT THE CONSERVATION VALUES SOUGHT TO BE PROTECTED BY THE EASEMENT. THE DOCUMENT ALSO UPDATED AND DOCUMENTED THE LOCATION OF BUILDING ENVELOPES USING MODERN MAPPING TECHNOLOGY. THE GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED AS DOC. NO. 197497, RECORDS OF MADISON COUNTY, MONTANA. PFISTER AMENDMENT THIS 13,813-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON SEPTEMBER 3, 1997 AS DOCUMENT NO. 1888977, RECORDS OF YELLOWSTONE COUNTY, MONTANA. A SUBSEQUENT LANDOWNER WISHED TO FURTHER PROTECT THE CONSERVATION VALUES SOUGHT TO BE PROTECTED BY THE CONSERVATION EASEMENT BY ELIMINATING THE ABILITY TO CONVERT ANY OF THE NATIVE RANGELAND ON THE PROPERTY BY FARMING, CULTIVATING, OR SODBUSTING. THE AMENDMENT AND RATIFICATION OF DEED OF CONSERVATION EASEMENT WAS RECORDED AS DOC. NO. 399289, RECORDS OF YELLOWSTONE COUNTY, MONTANA. DESCRIPTION CONTINUED IN SCHEDULE D - SUPPLEMENTAL INFORMATION. PART II, LINE 5: THE MONTANA LAND RELIANCE (MLR) HAS A MONITORING POLICY. THE MLR STEWARDSHIP STAFF (CONSISTING OF 1 LANDS MANAGER; 1 GIS COORDINATOR/LAND STEWARD; 1 STEWARDSHIP COORDINATOR; AND 19 PART-TIME LAND STEWARDS) 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 938 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 RAHR PROPERTY CONSOLIDATION THIS 2,352-ACRE PROPERTY WAS PROTECTED BY TWO DIFFERENT CONSERVATION EASEMENTS, THE FIRST EASEMENT TOTALING 2,260 ACRES RECORDED ON APRIL 14, 1993 AS IN BOOK F-37, PAGES 501-521, RECORDS OF MEAGHER COUNTY, MONTANA. AN ADDITIONAL 92 ACRES WAS PROTECTED ON JUNE 16, 1998, IN BOOK F-37, PAGES 501-521, RECORDS OF MEAGHER COUNTY, MONTANA. SUBSEQUENTLY, THE LANDOWNER OBTAINED AN ADDITIONAL 182 ACRES THEY WISHED TO PROTECT BY CONSERVATION EASEMENT. THE LANDOWNER AND MLR WORKED TO CONSOLIDATE THE THREE PROPERTIES VIA A CONSOLIDATED AND RESTATED CONSERVATION EASEMENT PROTECTING THE ADDITIONAL ACREAGE. THE DOCUMENT UPDATED AND DOCUMENTED THE LOCATION OF BUILDING ENVELOPES USING MODERN MAPPING TECHNOLOGY NOT AVAILABLE WHEN THE PRIOR TWO EASEMENTS WERE RECORDED. THE RESTATEMENT OF DEEDS OF CONSERVATION EASEMENT AND GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS WAS RECORDED ON JANUARY 5, 2021 AS DOC. NO. 147085, RECORDS OF MEAGHER COUNTY, MONTANA. ROE I AND II CONSOLIDATION THIS 2,246-ACRE PROPERTY WAS PROTECTED BY TWO DEEDS OF CONSERVATION EASEMENT; THE FIRST PROTECTING 1,526 ACRES WAS RECORDED ON DECEMBER 20, 1999 AS DOC. NO. 148131, RECORDS OF POWELL COUNTY, MONTANA. A SUBSEQUENT 720 ACRES WERE PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED AS DOC. NO. 161446 ON DECEMBER 13, 2007 AMENDED AND RESTATED BY A RATIFICATION AND AMENDMENT OF DEED OF CONSERVATION EASEMENT RECORDED AS DOC. NO. 170591 ON DECEMBER 18, 2013, RECORDS OF POWELL COUNTY, MONTANA. THE LANDOWNER OF THE PROPERTY WISHED TO FURTHER PROTECT THE SCENIC AND OPEN SPACE VALUES OF THE PROTECTED PROPERTY BY REMOVING: 1) THE RIGHT TO REPLACE ONE EXISTING RESIDENCE WITH A FISHING LODGE AND UP TO FIVE SLEEPING CABINS; 2) THE RIGHT TO ALLOW COMMERCIAL HUNTING AND FISHING ON THE PROPERTY; AND 3) THE RIGHT TO ALLOW GUEST RANCHING ON THE PROPERTY. THE CONSOLIDATION AND RESTATEMENT OF DEEDS OF CONSERVATION EASEMENT WAS RECORDED AS DOC. NO. 181682 ON FEBRUARY 1, 2021, RECORDS OF POWELL COUNTY, MONTANA. SUMMERS CORRECTION THIS 2,261-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED FEBRUARY 21, 2012 AS DOC. NO. 176665, RECORDS OF CARTER COUNTY, MONTANA. AFTER THE DOCUMENT WAS RECORDED, THE GRANTOR AND MLR DISCOVERED AN INADVERTENT DRAFTING ERROR IN THE LEGAL DESCRIPTION OF A CERTAIN PORTION OF THE PROTECTED PROPERTY INTENDED FOR FUTURE COUNTY GRAVEL EXTRACTION ACTIVITIES, WHICH AREA WAS ENCUMBERED BY THE CONSERVATION EASEMENT, BUT EXCLUDED FROM THE TAX-DEDUCTIBLE PORTION OF THE CONSERVATION EASEMENT. THE ORIGINAL EASEMENT HAD MISTAKENLY IDENTIFIED AN OLD GRAVEL REMOVAL AREA THAT WAS HISTORICALLY USED PRIOR TO THE RECORDING OF THE CONSERVATION EASEMENT, BUT WHICH HAD ALREADY BEEN REMEDIATED BY THAT TIME, RATHER THAN THE CORRECT SITE, FOR WHICH THE LANDOWNER HAD ALREADY RECEIVED A PERMIT FOR FUTURE GRAVEL REMOVAL. THE CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON NOVEMBER 24, 2011 AS DOC. NO. 1811606, RECORDS OF CARTER COUNTY, MONTANA. WILLIAMS (GERALD) I RESTATEMENT THIS 480-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED DECEMBER 29, 1997, AS DOC. NO. 1904133, AS CORRECTED BY A CORRECTION TO DEED OF CONSERVATION EASEMENT RECORDED NOVEMBER 12, 2009, AS DOC. NO. 3530917, RECORDS OF YELLOWSTONE COUNTY, MONTANA. ON JULY 18, 2019, THE OWNERS OF THE LAND SUBJECT TO THE CONSERVATION EASEMENT MADE A FORMAL REQUEST TO AMEND THE DESCRIPTION OF TRANSFERABLE PARCELS PERMITTED TO BE HELD IN SEPARATE OWNERSHIP, FOR ESTATE AND GENERATIONAL-TRANSFER PLANNING PURPOSES AND TO REMOVE THE POTENTIAL FOR SPLIT OWNERSHIP OF CERTAIN IRRIGATED AGRICULTURAL LAND, WHICH WOULD HAVE NEGATIVELY IMPACTED THE PERPETUAL PROTECTION OF THE RURAL, AGRICULTURAL, AND NATURAL SCENIC VALUES. THE PROPOSAL ALSO INCLUDED REDUCTIONS IN THE SIZE OF PERMITTED BUILDING ENVELOPES, IMPLEMENTATION OF A NEW BUILDING ENVELOPE AROUND AN EXISTING RESIDENCE, AND THE ELIMINATION OF TWO ALTERNATIVE DEVELOPMENT SITES ORIGINALLY PERMITTED BY THE EASEMENT. MLR'S BOARD APPROVED THE REQUEST ON THE CONDITION THAT THE CHANGES TOOK THE FORM OF A RESTATED CONSERVATION EASEMENT THAT BROUGHT THE EASEMENT LANGUAGE, BUILDING ENVELOPE DESIGNATIONS, AND RESOURCE DOCUMENTATION UP TO MODERN STANDARDS. A RESTATEMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON APRIL 15, 2021, AS DOC. NO. 3968252, RECORDS OF YELLOWSTONE COUNTY, MONTANA. ARTHUN PLACE CORRECTION. THIS 988-ACRE PROPERTY IN STILLWATER COUNTY AND CARBON COUNTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED DECEMBER 27, 1995, AS INSTRUMENT FILE NO. 275541, IN THE RECORDS OF CARBON COUNTY, MONTANA, AND RECORDED AS DOCUMENT NO. 279886 IN THE RECORDS OF STILLWATER COUNTY, MONTANA. THE CONSERVATION EASEMENT WAS AMENDED BY THE AMENDMENT TO DEED OF CONSERVATION EASEMENT RECORDED DECEMBER 23, 1999, RECORDS OF STILLWATER COUNTY, MONTANA, WHICH ADDED ACREAGE TO THE ORIGINAL EASEMENT PROPERTY. AFTER THE AMENDMENT WAS RECORDED, THE GRANTOR AND MLR DISCOVERED THAT THE AMENDMENT HAD INADVERTENTLY NOT BEEN RECORDED IN CARBON COUNTY, AND THAT A PORTION OF THE PROPERTY HAD NOT BEEN OWNED BY THE GRANTOR EXECUTING THE AMENDMENT AT THE TIME (BUT WAS NOW AGAIN UNDER UNIFIED OWNERSHIP). THE CORRECTION WAS RECORDED IN BOTH COUNTIES, AND CONTAINED A GRANT OF SUCH RIGHTS AND INTERESTS AS WERE NECESSARY TO CARRY OUT THE INTENT AND TERMS OF THE AMENDMENT, THEREBY RESOLVING ANY DOUBTS REGARDING THE LEGAL SUFFICIENCY OF THE AMENDMENT. THE CORRECTION OF AMENDMENT TO DEED OF CONSERVATION EASEMENT WAS RECORDED NOVEMBER 19, 2021, AS DOC. NO. 389556, RECORDS OF CARBON COUNTY, MONTANA, AND WAS RECORDED DECEMBER 1, 2021, AS DOCUMENT NO. 385215, RECORDS OF STILLWATER COUNTY, MONTANA. 1 MONTANA LAND RELIANCE FOUNDATION PO BOX 355 HELENA MT 59624 271125289 501(C)(3) 324853 0 CASH SCH I, STMT 1 1 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 2021 MLR GRANTED $324,853 TO BE INVESTED INTO THE LAND PROTECTION FUND (INCOME FROM WHICH IS USED TO ASSIST MLR WITH CONSERVATION EASEMENT PROJECT COSTS AND MONITORING/STEWARDSHIP COSTS). MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 461063 THE MLR FOUNDATION BOARD OF DIRECTORS APPROVED A GRANT REQUEST FROM MLR. THE GRANT COVERED COSTS RELATED TO THE MONITORING AND ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY THE MLR; COSTS RELATED TO THE COMPLETION OF CONSERVATION EASEMENTS DURING THE YEAR; AND COSTS RELATED TO EDUCATION AND OUTREACH ACTIVITIES TO THE GENERAL PUBLIC, OTHER ORGANIZATIONS, AND GOVERNMENT AGENCIES. CERTAIN MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 MONTANA LAND RELIANCE FOUNDATION SUPPORT ORGANIZATION TO THE MONTANA LAND RELIANCE 37300 ACCOUNTING SERVICES AND INSURANCE EXPENSE. THROUGH AN INTERCORPORATE SERVICES AGREEMENT, MLR STAFF MEMBERS PROVIDE ACCOUNTING SERVICES AND INSURANCE TO THE MLR FOUNDATION. CERTAIN 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 7300 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 324853 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. CERTAIN MEMBERS OF THE MLR BOARD OF DIRECTORS ARE MEMBERS OF THE MLR FOUNDATION'S BOARD OF DIRECTORS. 0 X 9 35024 MARKET QUOTATION X 16 16 VALUED AT $1.00 EACH. X LAND HELD FOR RESALE 2 1853083 APPRAISAL AND SUBSEQ 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. 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MONTANA LAND RELIANCE FOUNDATION B 324853 CASH MONTANA LAND RELIANCE FOUNDATION C 461063 CASH MONTANA LAND RELIANCE FOUNDATION L 36000 CASH (SERVICES AGREEMENT) MONTANA LAND RELIANCE FOUNDATION Q 1300 CASH RUBY HABITAT FOUNDATION L 6000 CASH (SERVICES AGREEMENT) RUBY HABITAT FOUNDATION Q 1300 CASH