Cambridge Massachusetts Co-Holder's Agreement - Agricultural Preservation Restriction

• Category: Massachusetts Real Estate - Contracts
• State: Massachusetts
• City: Cambridge
• Control #: MA-LR0020
• Format: Word; Rich Text

Description

This form is used when a Municipality covenants and agrees to provide assistance toward acquisition and administration of the Agricultural Preservation Restriction satisfactory to the Agricultural Lands Preservation Committee. Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restriction (APR) is a legal document that aims to protect and preserve agricultural land in Cambridge, Massachusetts. It is a binding agreement between the landowner, also known as the Granter, and the co-holder(s), typically a non-profit organization or governmental agency dedicated to agricultural preservation. The purpose of the APR is to limit the use of the agricultural land to farming activities only, preventing its conversion to non-agricultural uses such as commercial development or residential purposes. By signing this agreement, the landowner voluntarily agrees to place a permanent restriction on the land, ensuring its agricultural use for future generations. The co-holder(s) of the APR works closely with the landowner to monitor and enforce the terms of the agreement. They have a shared responsibility to ensure that the land is used for farming purposes and that any proposed changes or alterations meet the necessary criteria and approval process. By preserving agricultural land through APR's, Cambridge aims to maintain its agricultural heritage, promote sustainable farming practices, safeguard local food production, and protect natural resources and biodiversity. There are different types of Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restrictions, including: 1. Donation APR: In this type, the landowner donates the development rights of the property in perpetuity, and the co-holder(s) takes on the responsibility of monitoring and enforcing the restrictions. 2. Bargain Sale APR: Here, the landowner sells the development rights at a reduced price to the co-holder(s), balancing the financial considerations while still preserving the land's agricultural character. 3. Purchase APR: In this case, the co-holder(s) purchases the development rights from the landowner outright, ensuring long-term preservation and protection of the agricultural land. The Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restriction provides the necessary framework to safeguard valuable agricultural land, promote sustainable farming practices, and maintain a thriving agricultural community in Cambridge. Through these agreements, the city is dedicated to preserving its agricultural heritage, ensuring access to local, fresh produce, and protecting its natural resources for future generations to enjoy.

Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restriction (APR) is a legal document that aims to protect and preserve agricultural land in Cambridge, Massachusetts. It is a binding agreement between the landowner, also known as the Granter, and the co-holder(s), typically a non-profit organization or governmental agency dedicated to agricultural preservation. The purpose of the APR is to limit the use of the agricultural land to farming activities only, preventing its conversion to non-agricultural uses such as commercial development or residential purposes. By signing this agreement, the landowner voluntarily agrees to place a permanent restriction on the land, ensuring its agricultural use for future generations. The co-holder(s) of the APR works closely with the landowner to monitor and enforce the terms of the agreement. They have a shared responsibility to ensure that the land is used for farming purposes and that any proposed changes or alterations meet the necessary criteria and approval process. By preserving agricultural land through APR's, Cambridge aims to maintain its agricultural heritage, promote sustainable farming practices, safeguard local food production, and protect natural resources and biodiversity. There are different types of Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restrictions, including: 1. Donation APR: In this type, the landowner donates the development rights of the property in perpetuity, and the co-holder(s) takes on the responsibility of monitoring and enforcing the restrictions. 2. Bargain Sale APR: Here, the landowner sells the development rights at a reduced price to the co-holder(s), balancing the financial considerations while still preserving the land's agricultural character. 3. Purchase APR: In this case, the co-holder(s) purchases the development rights from the landowner outright, ensuring long-term preservation and protection of the agricultural land. The Cambridge Massachusetts Co-Holder's Agreement — Agricultural Preservation Restriction provides the necessary framework to safeguard valuable agricultural land, promote sustainable farming practices, and maintain a thriving agricultural community in Cambridge. Through these agreements, the city is dedicated to preserving its agricultural heritage, ensuring access to local, fresh produce, and protecting its natural resources for future generations to enjoy.