Parks and Recreation System Master Plan Update (2016) parks_and_recreation_system_master_plan_update_oct | Page 187

donations, bargain sales, or acquisitions. They can also act more quickly than government, and thus sometimes function to secure land and hold it until a later date when it can be transferred or sold on to the local government. Land trusts can provide planning assistance in identifying “limited development” options for landowners who wish to capitalize on some of the development potential of their land without significantly compromising its environmental and aesthetic quality. Such assistance involves developing a land use plan which protects the most environmentally significant portion of the property while designating less important areas to be subdivided and sold for development. This approach typically results in substantially less development than would be permitted by regulation. Land trusts are often able to secure easements or donations of land as part of this process. A related role for a land trust lies in acquiring land parcels which contain both areas desired for preservation and areas which may be developed. By acquiring the whole parcel and then selling the portion most suitable for development, perhaps with enhanced value through a preliminary subdivision approval, the trust can secure protection of the more critical preservation area while using revenue from the sale to pay off the initial acquisition cost. There were two land trusts operating in Jefferson County at the time of the 1995 Plan. Established in 1993, Future Fund, Inc., had a target of preserving 5,000 to 10,000 acres of land along Floyds Fork.. Riverfields, Inc. has recently purchased land for open space on the Ohio River. National organizations such as the Trust for Public Land may also play an important contributory role in protecting Jefferson County open space. Land trusts are often the most effective entity through which to implement a conservation easement program because many individuals feel more comfortable making donations to non-governmental organizations. However, easements can be held by both public and private entities. 2016 Status No county-wide nonprofit land trust has emerged since the 1995 plan but County Judge/Executive David L. Armstrong and the Fiscal Court formed a quasi-governmental land trust the Jefferson County Environmental Trust in 1997 to work with private landowners who wanted to conserve their land. After merger, this land trust became the Louisville/Jefferson County Environmental Trust and continues to work with private land owners, public agencies and other land trusts and nonprofit organizations on land conservation issues. The Trust reviews offers of conservation easements by private landowners and makes recommendations to Metro Council which must approve or deny the offers. The Trust also oversees the monitoring of the properties on which Metro Government holds easements to ensure that the terms of the easements are upheld in perpetuity. 166 VII. IMPLEMENTATION | October 2016 Update