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September 12, 2024, City Council Regular Meeting | |
Title 53. Authorize the Sale of Timber at the New Hampstead Conservation Tract. The City obtained a forest stewardship management plan from the Georgia Forestry Commission (GFC) to assist the City in safe and productive management of this important property and recommended the City engage an experienced forestry management consultant and timber broker to implement the forestry management plan. | |
Strategic Priority Good Government | |
Description The City of Savannah accepted the donation of a 863.29 acre conservation tract of land from Figure 8, LLC in 2020. This tract is situated along New Hampstead Parkway at Little Neck Road, west of I-95 and south of I-16. The tract is encumbered with a Conservation Easement held by North American Land Trust. Staff obtained a forest stewardship management plan from the Georgia Forestry Commission (GFC) to assist the City in the safe and productive management of this important property. The GFC recommended the City engage an experienced forestry management consultant and timber broker in order to implement the forestry management plan. Accordingly, the City implemented this recommendation and City Council awarded an annual contract for forestry management consultant and timber brokerage services to Marsh Forestry and Appraisal Services (Marsh).
Marsh (timber broker) reports that the City will net at least $249,570 from this sale after paying the requisite six percent (6%) broker commission to Marsh. Furthermore, authorize staff to use these funds to establish and maintain trails, fire breaks, enhance wildlife habitat, and replant harvested areas with new pine seedlings to generate a new generation of forests on the property. | |
Recommendation Approval | |
Contact David Keating, Senior Director, Real Estate Administration Department | |
Financial Impact Revenue of $249,570 | |
Review Comments | |
Attachments Exhibit 1: Map Attachment - New Hampstead.pdf Exhibit 2: Timber Harvesting Agreement - New Hampstead.pdf |
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