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Structural4ptions for Creating a Land Interest Halding <br />Entity (LIHE) for the Platte River Recovery Implementation <br />Prograrn <br />Introduction: Background, Functions and Criteria <br />The following contract completian report identifies structural options for <br />creating a Land interest Holding Entity (LIHE) far the Platte River Recovery <br />Implementation Program. One af the Program's objectives is to protect or <br />restore 10,000 acres of habitat along an appraximately 80 mile stretch of the <br />Central Platte River between Lexington and Chapman, Nebraska in the first <br />thirteen years. The long term objective is to protect or restore approximately <br />29,000 acres of suitable habitat along this stretch of river. <br />As part of the cantract to produce the Land Entity White Paper, Conservation <br />Pariners, Inc. was asked to explore more fully the structural options identified <br />in the White Paper. The process to produce this repart included: discussions <br />and cantacts with numerous nonprofit organizations and government <br />programs around the country that were identified as potential models or <br />candidate Iand entities, discussions and contract wark with legal experts <br />knowiedgeable abaut corporafe, trust and multi-jurisdietional structural <br />optiQns, discussions with the Nebraska Communitv Faundatian and trust <br />advisors about these options and reporting to the Gavernance Cornmittee as <br />these optians were being explored for their input. The purpose of this report <br />is to detine these options and the pros and cons of each, sa that the <br />Governance Committee can make an informed decision nn the most <br />appropriate way to proceed. <br />The functions that the LIHE would perform are primarily as a holder <br />("custodian") or land bank for the interests in land which will be acquired <br />with Program funds and include the following: <br />• Enter into acquisition agreements for purchase of fee simple lands, <br />conservation easements, leases or ather interests in real estate as directed <br />by the Governance Committee. <br />• Hold land inferests including interests in fee title, canservation <br />easements, leases or other interests. <br />• Sell lands or interests, as directed bv the Governance Cornmittee. <br />• Carry insurance ar cover injury/iiabilities in some fashion. <br />• Provide access #o Iands as directed. <br />a Pay taxes or their equivalent.