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Grants and donors could cover most of Bailey property cost, task force says
Summary
Task force discussed applying for a VHCB grant (expected to cover about 66% of costs), Friends of Tucker Mountain fundraising to cover roughly one‑third, and a potential $50,000 local family donation that would reduce the community share.
Task force members said they will pursue grant funding to cover a substantial share of any Bailey property acquisition. Tom reported he is working with Donna Foster of the Vermont Land Trust on a Vermont Housing and Conservation Board (VHCB) grant; the minutes say VHCB grants start at $150,000 and would cover about 66% of the sale, closing costs, a stewardship endowment (typically around $25,000), the easement, GPS mapping and half of the appraisal cost (their share estimated at $1,500–$2,000).
Minutes record that the Friends of Tucker Mountain (FofTM) would cover about a third of the remaining cost (the minutes contain a minor inconsistency, listing 33% in one place and 34% elsewhere). The minutes also note a potential private family donation of $50,000 and calculate that, after those contributions, FofTM would need to raise roughly $29,900. Potential additional grant sources cited in the minutes include the Vermont Department of Forests, Parks and Recreation Land & Water Conservation Fund and the Open Space Institute.
