Conservation areas linked in land deal

Posted on June 24, 2010 11:35 by Janet Conley

Dr. Seuss probably wasn't thinking about lawyers when he wrote about a Lorax who says, "I speak for the trees."

But with the help of lawyers from The Nature Conservancy and Horne & Horne in Dahlonega, the trees on a 469-acre tract of land in Dawson County worth roughly $5 million have been preserved.

The sliver of land, which had long been held by a variety of timber companies, divided two segments of the much-larger Dawson Forest Wildlife Management Area in north Georgia, which is conservation land known for its hiking trails, its bird watching—and its chestnut oaks, sycamores, maple and sourwood trees.

Amicalola Creek The state of Georgia had long been eyeing that land as a means of linking the two conservation areas, and the joinder finally happened.

The lawyers worked opposite sides of a land deal that helped the Georgia Department of Natural Resources and the Georgia Land Conservation Program, represented by Horne & Horne attorneys Joy L. Edelberg and K. C. Horne, who'd been hired as special assistant attorneys general, buy the property at a deep discount.

"This tract, it was just a perfect fit to connect the wildlife management area," said Edelberg. Together, the three tracts of land protect more than 15,000 acres.

The Nature Conservancy sold the property to the state for $3.2 million, representing a $2.15 million discount from what the land was worth.

The Nature Conservancy, represented in this deal by in-house counsel Joan T. Dwoskin, had in 2008 purchased the land at a reduced price from Forestar Group Inc., then held it until the state could raise the money to pay for it.

Dwoskin said that The Nature Conservancy often purchases land and holds it while public entities line up their funding. Her group has the ability to take internal loans, which enables them to move faster than the state to close a DEAL. That original purchase, she said, was very difficult from an economic standpoint.

"The bottom was dropping out of the real estate market. The seller didn't really know what it was worth, and we really didn't know what it was worth. It felt more scary than usual because we didn't know what was happening," she said.

As is typical for The Nature Conservancy in these types of deals, she said, her group bought the land knowing the state wanted it but without any real guarantee that the deal would ultimately go through. "We typically close on a very loose—nerve-wracking, as a lawyer—letter of intent," she said, explaining that public entities generally cannot sign a binding contract agreeing to purchase the land from The Nature Conservancy at some future point in time because the deals close so quickly. But, she said, The Nature Conservancy has long-term relationships with Georgia and other states which allow it to make such trust-based agreements with confidence.

When it came time to sell the land to the state in this deal, she said, "At the last minute, some of the funding sources fell through. It was pretty stressful."

But—along with The Nature Conservancy's willingness to sell the land at a discount—enough funding came through from public and private sources to make the deal happen. Those sources include the U.S. Fish & Wildlife Service, the Robert W. Woodruff Foundation, the R. Howard Dobbs Jr. Foundation, the Mountain Conservation Trust of Georgia, the Lyndhurst Foundation, Trout Unlimited, the Department of Natural Resources, the Georgia Land Conservation Program and anonymous private donors.

Dwoskin said conserving the land was important to The Nature Conservancy and the state because it includes 2 miles of the Amicalola Creek and its tributaries—a vital segment, according to information from the state—that supports at least 27 native fish species, three of which are endangered.

Even the original seller—Forestar, which is associated with a large timber company—recognized the land's conservation significance, Dwoskin said, and "treated it pretty carefully over the years."

Edelberg said she visited an access point in the 469-acre tract to see if there were any easement issues. "It was basically just a big timber tract. I'm sure it had been harvested over time, but it's not a clear-cut tract," she said, explaining that trees now abound. "It's pretty land."


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Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at apeters@alm.com.

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