Schedule B Form Lpc-1 - Application For A Land Preservation Credit Statement By The Recipient With Respect To Tax Credits Of 1 Million Or More From A Donation Made On Or After 1/1/07 Of Less-Than-Fee Interest In Land Page 3

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Schedule B
Application for a Land Preservation Credit
*VALPCB308888*
Form LPC-1
Statement by the Recipient With Respect
Page 3
to Tax Credits of $1 Million or More From
a Donation Made on or After 1/1/07 of
Less-Than-Fee Interest in Land
Section I - Detailed Description of Conservation Purpose (Cont’d)
F)
Watershed Preservation:
The property must include substantially undeveloped land that, by virtue of its size or by virtue of its location adjacent
to rivers, streams, or other waterways, serves to protect water quality and/or quantity, hydrological integrity, riparian
and/or aquatic habitat, or drinking water supplies. Examples include wetlands, riparian buffers, sinking streams and
Check Applicable Boxes
groundwater recharge areas. See Instructions for definitions.
The conservation purpose for this category will be satisfied if at least one of the first three choices is selected.
Alternatively, the conservation purpose may be met by satisfying #4.
1.
The property contains significant wetland acreage mapped on the U.S. Fish and Wildlife Service’s National Wetland
Inventory or other wetlands with delineations approved by the U.S. Army Corps of Engineers and/or the Virginia
Department of Environmental Quality, none of which are created, restored, or protected for the purposes of providing
compensation pursuant to a regulatory requirement. Maps of significant wetlands are attached.
2.
The property contains riparian buffers of at least 100 feet in width with substantial frontage on a perennial stream,
wetland, or tidal waters.
3.
The property is adjacent to a reservoir used for public drinking water supplies or is within 1,000 feet of a public
drinking water well.
If the property does not meet any of the conditions above, describe the conservation value of the resource for watershed preservation.
4.
Attach supporting documentation.
G)
Preservation of Scenic Open Space:
The property must include land that contains views, vistas, or characteristics that contribute to, and are compatible
with, the scenic character or enjoyment of the surrounding landscape.
Check Applicable Boxes
The property must satisfy the first condition below to qualify. The conservation purpose for this category will be met
if at least one of statements #2 through #5 is also satisfied. Alternatively, the conservation purpose may be met by
satisfying #6.
1.
The deed of conservation easement ensures visual access to or across the property from public lands or publicly
accessible water bodies or lands, including roads or trails (required to qualify under this category). Specify page
and paragraph number in deed.
2.
The property is adjacent to or visible from a State Scenic Highway or a Virginia Byway.
The property is adjacent to or visible from a federally designated Wild and Scenic River or American Heritage River
3.
in or adjacent to Virginia, or a State Scenic River.
4.
The property is adjacent to or visible from public parks or public hiking, biking, or riding trails.
5.
The property is officially designated as scenic by a local, state or federal agency, and documentation is provided from
the designating agency that supplies a specific description of the lands or areas so designated or recommended.
6.
If the property does not meet any of the conditions above, describe the conservation value of the resource for preservation of scenic open
space. Attach supporting documentation.
H)
Conservation and Open Space Lands Designated by Local Governments:
The property must include land that contains features, resources, values, or other attributes that a local government has
officially designated as important to protect from inappropriate development so as to help shape the character, direction
Check Applicable Boxes
and timing of development in the area.
The conservation purpose for this category will be met if at least one of the three choices below is satisfied.
1.
A local government has adopted an official public ordinance or comprehensive plan that designates the property, or
a land area that contains the property, as worthy of protection.
2.
A local government has adopted an official public ordinance or comprehensive plan that designates a class of land
with specific, identified conservation value, defined by use, location, and attributes that definitively describe the
property in question.
3.
A local government has adopted an official public ordinance or comprehensive plan that designates the land as a
public garden.
3
Va. Dept. of Taxation LPC-1 W (Rev 8/08)

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