Charles F. and Susan G. Glass - Page 16

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               Conservation easement 1 covers the part of the property                
          consisting of the northernmost 150 feet of shoreline and all                
          portions landward for 120 feet from the ordinary high water mark            
          (encumbered shoreline 1).  Deed 1 states that encumbered                    
          shoreline 1 “contains a relatively intact forested ecosystem,               
          providing wildlife habitat, as well as habitat for old growth               
          white pine trees”, that “lake front property in and around the              
          area of the Property is under intense development pressure,                 
          thereby causing or at least exacerbating the impact on rare and             
          protected flora and fauna of the area such as the piping plover             
          * * * and Huron Tansy”,9 and that petitioners and LTC                       
               recognize the scenic and natural resource values of the                
               Property and share the common intention to conserve                    
               these values in perpetuity by the conveyance of a                      
               Conservation Easement to protect the use or development                
               of the Property for any purpose or in any manner which                 
               would conflict with the maintenance of these scenic and                
               natural resource values.                                               
          Deed 1 states further that                                                  
               The purpose of this Conservation Easement is to ensure                 
               that the scenic and natural resource values of the                     
               Property will be retained forever.  This Conservation                  
               Easement is intended to prevent the use or development                 
               of the Property for any purpose or in any manner which                 
               conflicts with the perpetual maintenance of these                      
               scenic and natural resource values.  By executing this                 
               Conservation Easement, the Grantors acknowledge that                   
               they are giving up development rights associated with                  

               9 The reference in deed 1 to “wildlife”, “flora and fauna”,            
          and the specific species of those items was a general reference             
          to wildlife, flora and fauna, and the specific species found                
          along the Lake Michigan shoreline in Emmet County and not                   
          necessarily on encumbered shoreline 1.                                      




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