Charles F. and Susan G. Glass - Page 23

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          and LTC understood that restrictions were not placed on                     
          petitioners’ use of the unencumbered portions of the property.              
          Petitioners also understood at those times that they (or a                  
          subsequent owner of the property) could develop the unencumbered            
          portions of the property in any desired way (subject to zoning              
          limitations).  Petitioners did not consider at those times                  
          whether or how development of the unencumbered portions of the              
          property would affect the ecosystem of the portions of the                  
          property covered by the conservation easements.  Petitioners did            
          not grant any restrictive easement on the middle of the property            
          because they wanted to be able to develop it if they desired.               
               LTC wanted to obtain the conservation easements, and sought            
          and continues to seek to obtain similar conservation easements in           
          northern Michigan, because LTC believes that northern Michigan is           
          relatively undeveloped as compared with other parts of the State.           
          Significant and abundant natural resources are present in                   
          northern Michigan, particularly around M-119 and the nearby                 
          shoreline, and LTC believes that these resources may be                     
          threatened by overdevelopment.  LTC attempts to balance a                   
          development of northern Michigan with a development of new nature           
          preserves and the protection of areas for wildlife and scenic               
          views.                                                                      
               LTC made a special effort in the 1990s to attempt to                   
          conserve land in the area of the property.  Bald eagles were                






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