t h e sa ɴ j u a ɴ L a n d Le g a c y p ʀ e s e ʀvat ɪ o ɴ t ʀ u s t & t u ʀt ʟ e ʙ ack mouɴtaɪɴ ʀemaɪɴs vuʟɴeʀaʙʟe to dev e ʟ o p m e ɴ t W I N T E R 2 0 0 6 tʜe saɴ juaɴ pʀeseʀvatɪoɴ tʀust and the San Juan County Land Bank have long c o n s i d e red Orcas Is l a n d’s Tu r tleback Mountain the single most important unpro t e c t e d W W W. S J P T. O R G p ro p e rty in the San Juans. At 1 , 5 7 8 a c r es, it is a beloved island landmark that is home to a number of important natural and cultural features. After decades of ow n e r s h i p , the trustees of the Seattle-based Medina Foundation (which inherited the pro p e r t y f rom its benefactor, former We yerhaeuser exe c u t i v e and West Sound resident No r t o n Clapp) have decided to sell the mountain to the highest bidder. On August 25, 2005, we learned of this decision and we re informed that we had one month to assemble a compelling offer. Wo rking with real estate industry experts (including countless volunteer hours fro m p rofessionals that share our love for Tu r tleback) and with the support and guidance of our many conservation partners, the Preservation Trust and the Land Bank submitted an offer to the Medina Foundation on September 3 0 that re p resents our ve ry best estimate of the mountain’s full market value. We we re initially encouraged to hear that our p roposal had risen above the competition, but we quickly learned that the negotiations we r e far from complete. After a number of volleys, our re s p e c t i v e estimates of the pro p e r t y’s monetary value remain far apart. a ɴ ɴ u aʟ memʙeʀsʜɪp We have made it clear to the Medina Foundation that we are willing to pay full dʀɪve cʀucɪaʟ m a r ket value for the pro p e r t y. Howe ve r, as organizations that rely on publicly s u p p o rted funding sources (tax re ven ues for the Land Bank and tax-deductible priva t e We con tinue to seek contrib utions donations for the Pre s e r vation Trust), our fiduciary responsibility to our support e r s for annual membership renewals and p recludes us from paying an extraord i n a r y premium above what we feel is the tru e n ew membersh ips. These donations value of the land. We continue to re v i e w our analysis, and have enlisted an appraisal accou nt for most of our operati ng to examine – or enlighten – our value estimate. In the meantime, we are disappointed fu nds and sustai n our su ccessfu l to re p o r t that the future of Tu r tleback Mountain remains ve ry much at risk. land acquisition, conservation education, and stewardshi p programs. If y ou h a v e n ’ t already renewed or start e d y o ur mem ber s hi p, w e i n v i te y ou to d o so at www. s j p t . o r g / s u p p o r t, o r b y s en di n g y o ur co ntr i b ut i on to us at Box 327, Lopez Isl and, Wa . , 98261. We cannot continue import a n t l and conservation work wi thout the ongoing financial support of islanders like you. Thank you for your support . Tu r tleback Mountai n as seen from the i nter-islan d ferry. W I N T E R 2 0 0 6 t h e sa ɴ j u a ɴ L a n d Le g a c y W W W. S J P T. O R G p ʀ e s e ʀ vat ɪ o ɴ t ʀ u s t & maɴʏ tʜaɴks to ouʀ cʀow va ʟ ʟ e ʏ campaɪɢɴ suppoʀt e ʀ s . 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