Tejon Mountain Village |
The first part of the settlement agreement determined which portions of the Ranch would be conserved and which portions of the Ranch would be available for development. A science committee was assembled with members representing both the Ranch and the environmental organizations. Using a complex system of science-based computer modeling, the committee recommended to the stakeholders that 90% of the Ranch be placed into permanent conservation easements. The committee also identified the 10% of the Ranch that would be available for development.
The second part of the settlement agreement established the Tejon Ranch Conservancy, a 501 (c) 3 non-profit land trust that oversees the management of the preserved Ranch lands. The Tejon Ranch Conservancy provided the environmental groups with the assurance that the Ranch lands would be responsibly managed in perpetuity and with a long-term funding mechanism based on real estate transfer fees. It also provided the Ranch with legal assurances that the environmental groups would not oppose the development of the remaining 10% of the Ranch. This cleared the way for the planning and complete entitlement of the 28,000-acre Tejon Mountain Village.
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