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HomeMy WebLinkAboutCPC LOI 150 & 178 Wheeler Road July 2023 1540 Main Street, West Barnstable, MA 02668 Phone: (508) 771-2585 info@blt.org June 21, 2023 To the Members of the Town of Barnstable Community Preservation Committee: I am writing to submit this Letter of Intent for funding to preserve land on Wheeler Road in Marstons Mills, adjacent to Barnstable Land Trust’s Fuller Farm property and connecting to the Town’s Danforth property. Project Name: Wheeler Holly Preserve Owner: Wheeler Realty Trust Location: 150 and 178 Wheeler Road, Marstons Mills Acres: 150 Wheeler Road – 7.8 acres 178 Wheeler Road – 1.7 acres Total – 9.5 acres Map & Parcel: 150 Wheeler Road – 082011 178 Wheeler Road - 103109002 Purchase Price: $1,825,000 Timeline: Closing in June, 2024 Barnstable Land Trust is working to purchase two parcels totaling 9.5 acres on Wheeler Road in Marstons Mills. The properties have frontage on Middle Pond and abut the Barnstable Land Trust’s 22-acre Fuller Farm property. Purchase of these properties will allow for conservation of high value natural resources and recreation access to a potential trail through the Wheeler property connecting Fuller Farm, the Town of Barnstable’s Danforth property, and West Barnstable Conservation area. The properties have the following important conservation values: • Have approximately 600 feet of shore front on Middle Pond containing NHESP priority habitat for rare species • Half of property lies within BioMap3 – Core Habitat/NHESP • The entire property lies within BioMap3 – Critical Natural Landscape NHESP • Contains many specimen holly trees grown by one of the country’s premier holly nurserymen. Historic Significance: The properties have been owned by the Wheeler Family for decades and were one of Wilfrid Wheeler’s holly nurseries for many years. Timeline for Preserving the Land: The property is under verbal agreement and closing is scheduled for June 2024 to meet the requirements of the MA Conservation Partnership Grant and LAND Grant Programs, whose applications are due July 13 and July 17, 2023. 1540 Main Street, West Barnstable, MA 02668 Phone: (508) 771-2585 info@blt.org Funding Request Barnstable Land Trust seeks $905,000 in Community Preservation Act funds. CPA funding will assist in the acquisition of proposed Lots 3 and 4 on the sketch plan below. BLT will support the Town in applying for a $480,000 LAND grant from the Commonwealth of Massachusetts and believes the project will be very competitive. The application is due July 13, 2023. In return, the Town of Barnstable will be given the conservation restriction on the property. If the Town prefers, the Compact of Cape Cod Conservation Trusts can co-hold the conservation restriction and conduct the monitoring and reporting. Barnstable Land Trust will apply for a Conservation Partnership grant of $175,000 to help fund acquisition of Lot 1. Lot 2, containing an existing single-family dwelling, will be acquired using funds raised from private foundations and donors. Sketch Plan showing proposed lot division. Division of the house lot is required for state grant funding. 1540 Main Street, West Barnstable, MA 02668 Phone: (508) 771-2585 info@blt.org Wheeler Holly Preserve Budget Bargain sale Expenses BLT purchase 150 Wheeler Road SFD $ 1,300,000 178 Wheeler Road $ 525,000 Project Costs $ 41,250 $ 1,866,250 Public Funding Sources TOB CPA $ 905,000 CP Grant $ 175,000 $ 1,080,000 Total remaining to raise by BLT $ 786,250 Thank you for your consideration. Sincerely, Janet Milkman Executive Director