1

An Application from the Vermont Land Trust

to the

Vermont Housing & Conservation Board

for the

Purchase of Development Rights on Farmland

SHIRLEY & JOEL POMINVILLE

(a.k.a. Quarry Road Farms, Inc.)

MIDDLEBURY

ADDISON COUNTY, VERMONT

PROJECT HIGHLIGHTS

WELL-RESPECTED, INNOVATIVE ORGANIC DAIRY FARM

HIGH DEVELOPMENT PRESSURE

82% PRIME AND STATEWIDE SOILS

RIPARIAN AND WETLAND PROTECTION

TOWN LEVERAGE SUPPORT

TRANSFER TO NEXT GENERATION

Pominville Project Summary

Shirley Pominville and her son Joel own an iconic dairy farm in Middlebury (a.k.a.

Quarry Road Farms, Inc.). It is a sprawling enterprise on four parcels with a total of

565 acres and Joel rents another 500. It is all certified organic. The family started

piecing together their farm in the 1950's.

Because of the high land value, Joel wants stage one to be the former Parke parcel.

They bought it in 1974 but in typical Vermont fashion, it's still called by the former

owners, John and Margaret Parke. Conserving the property will allow Joel to become

a controlling shareholder in the corporation. He already makes all the day-to-day

management decisions and conservation funding will ease the long transition process.

Joel knows that conserving farmland is a long process too. He's thought about it a

long time and he feels the Parke farm is one of his best farm resources. The small

amount of road frontage has some impact on the easement value but it does not

prevent several high- end house lots on the exceptionally scenic meadows. If phase

one goes according to plan, a home farm parcel or the "Sam" parcel to the north

would be next. They bought it in 1968 and it too is named after the former owner

Sam Schroeter.

Joel has one of the larger organic herds with 200 cows and 150 young stock. He's

also one of the few farmers that grow organic corn in Vermont. Last year he grew

100 acres and 400 acres were in hay. The 210 acre Parke parcel is 115 acres

tillable, 50 of woods and the remaining 40 acres is pasture/riparian area.

The Muddy Branch River flows through the middle of the property. The river is very

well buffered and the easement includes appropriate buffer areas. Joel doesn't graze

livestock on the parcel so no fencing is required at this time. However, if Joel or a

future owner were to graze livestock fencing would be required to keep the animals

out of the wetland and Muddy Brook.

Typical Addison County clay soil is found throughout the farm; 169 acres (82%) are

statewide soil and two acres are prime. There's one house on the parcel and it is

excluded on three acres.

EXHIBIT A

POMINVILLE

PROJECT BUDGET

04/05/17

INCOME EXPENSE VHCB OTHER TOTAL

VHCB Funds 317,900 Acquisition 313,900 25,000 338,900

Town 25,000 Third Party costs 4,000 0 4,000

Specify source 0 Associated Costs Contract 0 0

VLT 0 Value Donation 0 0 0

Landowner Funds 3,389 Stewardship Contract 0 0

Bargain Sale 0 Landowner contrib., if applic. 3,389 3,389

Easement Donation 0 Survey costs 2,000 0 2,000

TOTAL $346,289 TOTAL $319,900 $28,389 $348,289

PRE-DEVELOPMENT COSTS TO VHCB: $3,300

An appraisal cost split between landowner and VHCB.

Appraisal done by: Justus DeVries

Total cost $6,950

VHCB grant $3,300

Landowner $3,488 owes VHCB at closing - $1,000

Other (VLT) $162

TOTAL PRE-DEVELOPMENT COSTS: $6,950

TOTAL ALL COSTS: $355,239

Stewardship

5%+ barg. sale

1st farm

other (explain)

VALUE OF DEVELOPMENT RIGHTS & ACREAGE CONSERVED:

Appraised Easement Value with Option to Purchase at Ag Value $350,000

Enhancement of Excluded Land $11,100

Final Easement Value $338,900

Bargain Sale $0

Purchase Price of Easement $338,900

Number of Purchased Acres Conserved 210

Easement Cost per Acre $1,614

Category for landowner exemption, if applicable (check one, use a 1):

GMNF - BRISTOL CLIFFS WILDERNESS AREA

GREEN MOUNTAIN NATIONAL FOREST

GMNF - BRISTOL CLIFFS WILDERNESS AREA

GREEN MOUNTAIN NATIONAL FOREST

Dow Pond

PomainvillePomainvillePomainville

M I D D L E B U R YM I D D L E B U R Y

N E W H A V E NN E W H A V E N B R I S T O LB R I S T O L

W E Y B R I D G EW E Y B R I D G E

C O R N W A L LC O R N W A L L

R I P T O NR I P T O N

W A L T H A MW A L T H A M

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HUNT RD

WEYBRIDGE RD

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HARVEY RD

MONROE ST

State Land Other Non-profitVLT Conserved Land

Municipal LandFederal LandSubject Property I1:70,000Scale:

Property:Locator Map

PomainvilleMiddlebury, VT

VermontLand Trust

THIS MAP IS NOT A SURVEY

This map is not a survey or subdivision plat, and should not be used or construed for such purposes. It was prepared withoutthe benefit of field measurements or extensive title research. Itis intended solely to assist the owner(s) of the conserved land and the holder(s) of the conservation easement in the admin-istration and interpretation of the conservation easement by clearly depicting the presumed boundaries of the protectedproperty, calculating the approximate acreages, and showing the approximate locations of any excluded lands, farmstead orhomestead complex, farm labor housing complex, or specialtreatment areas.

I0 540 1,080 1,620 2,160270Feet

1:8,500Scale:Protected Property 3-10-17Excluded Land

Wetland Protection Zone

Easement Acres - 210

Farm Complex Area

Orthophoto MapProperty: PominvilleMiddlebury, VT

VermontLand Trust

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I1:11,000

Property:Location:

8 Bailey Avenue Montpelier, VT 05602

Agricultural Soils MapPominvilleMiddlebury, Vermont

VermontLand Trust

Symbol Name Status AcresBsC Berkshire and Marlow extremely stony loams, 3 to 20 percent slopes NPSL 0.4CtD Colton gravelly sandy loam, 12 to 30 percent slopes NPSL 0.4Cw Covington and Panton silty clays Statewide (b) 10.6FaC Farmington extremely rocky silt loam, 5 to 20 percent slopes NPSL 2.5Le Limerick silt loam Statewide (b) 36.2MrB Melrose fine sandy loam, 3 to 8 percent slopes Prime 1.5Sw Swanton fine sandy loam Prime (b) 1.0VgB Vergennes clay, 2 to 6 percent slopes Statewide 118.0VgC Vergennes clay, 6 to 12 percent slopes Statewide 3.3VgD Vergennes clay, 12 to 25 percent slopes NPSL 35.4

Prime

b b b bb b b bPrime (b)

Statewide

b b b bb b b bb b b bStatewide (b)

PrimePrime (b)StatewideStatewide (b)OtherTOTAL

2 1121 47 39210

1 <1 58 22 18

Total Acres %

I1:30,000

PomainvilleMiddlebury, VT

Tax Parcel MapVermontLand Trust

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