Post by meadowview on Jun 30, 2012 13:41:20 GMT
Hi Folks:
Some good news. After three years of very hard word (grant writing, politics, state and local approvals, etc.) we closed yesterday afternoon on the expansion of the Joseph Pines Preserve. The expansion takes us from 100 acres to more than 231 acres with the purchase of two adjoining parcels.
The expansion was funded by a $145,000 grant from the Virginia Dept. of Environmental Quality Green Reserve Program and a loan of $145,000 from the Virginia Resources Authority - a $290,000 deal. The loan is for 10 years at 0.25 percent interest. The loan required one of our donors to place in escrow $29,000 as a reserve fund. The loan payment is ca. $1200/month. We need your support to make these payments so please consider donating to Meadowview or pledging as a donor.
So... what this means is we now own almost the complete watershed at Joseph Pines and will be able to significantly expand our restoration efforts. You can read the details of the plan in our Joseph Pines story in the 2009 newsletter at www.pitcherplant.org.
I will be talking about this project in detail at the upcoming ICPS conference. Hope to see you there!
Sincerely,
Phil Sheridan, Ph.D.
Director
Meadowview Biological
Research Station
Some good news. After three years of very hard word (grant writing, politics, state and local approvals, etc.) we closed yesterday afternoon on the expansion of the Joseph Pines Preserve. The expansion takes us from 100 acres to more than 231 acres with the purchase of two adjoining parcels.
The expansion was funded by a $145,000 grant from the Virginia Dept. of Environmental Quality Green Reserve Program and a loan of $145,000 from the Virginia Resources Authority - a $290,000 deal. The loan is for 10 years at 0.25 percent interest. The loan required one of our donors to place in escrow $29,000 as a reserve fund. The loan payment is ca. $1200/month. We need your support to make these payments so please consider donating to Meadowview or pledging as a donor.
So... what this means is we now own almost the complete watershed at Joseph Pines and will be able to significantly expand our restoration efforts. You can read the details of the plan in our Joseph Pines story in the 2009 newsletter at www.pitcherplant.org.
I will be talking about this project in detail at the upcoming ICPS conference. Hope to see you there!
Sincerely,
Phil Sheridan, Ph.D.
Director
Meadowview Biological
Research Station
