HomeMy WebLinkAbout1998-11-06-TPT-Dunback`o rs MOg
a 1775 tic
� Town of Lexington
r a3 lye i
A Conservation Commission
APPIL Pt'
�FX I.N of
Joyce Miller, Chairman
Angela Frick
Richard Wolk
Lisa Baci
Robert C. Stewart
Philip Hamilton
Bernice Falliek
November 6, 1998
Mr. Alan Fields, Chairman
Trustees of Public Trusts
Town of Lexington
Lexington, MA 02420
Dear Mr. Fields,
Re: Dunback Meadow Conservation Fund
Tel: (781) 862 -0500 x226
Fax: (781) 861 -2780
This letter is to set forth the terms under which the Trustees of Public Trusts agree to hold the
trust fiend (to be known as the Dunback Meadow Conservation Fund) which I have established.
1. The Trustees will hold and invest the fund as part of the common trust funds
administered by them for the benefit of the Town of Lexington.
2. Three- quarters of the net income from the fund earned each year shall be paid
from time fo time as requested by a majority vote of the Conservation
Commission designated to help preserve the character of the Dunback Meadow
Conservation land. Such net income may be spent for plantings, signage,
maintenance projects and land costs associated with the acquisition of abutting
land for conservation purposes.
3. The Committee to designate appropriate projects for which such net income may
be used shall be the Conservation Commission and its Administrator.
4. One quarter of the net income from the fund each year shall be added to the
principal.
Very truly yours,
Joyce Miller, Chairman
cc: N. Cohen
D. Williams
1625 MASSACHUSETTS AVENUE • LEXINGTON, MASSACHUSETTS 02420