Sustainable Forest Incentive Act Covenant - State Of Minnesota (Page 2 of 4) in pdf

If the claimant applies to the SFIA program but is not accepted into the program or if the

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property otherwise becomes no longer subject to the restrictions of the SFIA program, then

the commissioner of Revenue shall issue a document releasing the claimant and the property

from the terms and restrictions of this covenant.

RESTRICTIONS

As the claimant, on behalf of all the owners and myself, I accept all of the following restrictions

on the property. These restrictions shall run with the property and bind me, all other owners, our

heirs, and any future owners as provided under the SFIA law. The restrictions are a condition for

entrance into the SFIA program and are required in order to receive an annual incentive check

from the Department of Revenue. The restrictions are:

The property is not and will not be developed in violation of the provisions of the SFIA. This

means that the property is not and will not be:

used for residential purposes;

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used for agricultural purposes;

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enrolled in the Reinvest in Minnesota (RIM) program or in a state or federal conservation

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reserve or easement reserve program (CRP or CREP) under sections 103F.501 to 103F.531;

enrolled in the Minnesota Agricultural Property Tax Law (also known as Green Acres) under

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section 273.111;

subject to agricultural land preservation controls or restrictions as defined in section 40A.02

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or the Metropolitan Agricultural Preserves Act (also known as Ag Preserves) under chapter

473H;

improved with a structure, pavement, sewer, permanent campsite, or any road (other than a

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township road), that are used for purposes not prescribed in the forest management plan for

the property;

classified as 2c Managed Forest Land under section 273.13; or

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enrolled in the Rural Preserve Program under section 273.114.

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SIGNATURES

By signing below I hereby accept the restrictions of this covenant.

Signature of Claimant

Print name of Claimant

This covenant was acknowledged before me this _____ day of ________________, 20______ by

___________________________________ (name of claimant).

Notary Public

Commission Expires:

Notary Stamp or Seal

This instrument was drafted by the Commissioner of Revenue, St. Paul, MN 55146

Sustainable Forest Incentive Act Covenant - State Of Minnesota Page 2

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