HomeMy WebLinkAbout1999-10-27-TPT-Willard Woods`O VS MOP
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Joyce Miller, Chairman
Angela Frick
Richard Wolk
Lisa Baci
Robert C. Stewart
Philip Hamilton
Bernice Fallick
October 27, 1999
Mr. Alan Fields, Chairman
Trustees of Public Trusts
Town of Lexington
Lexington, MA 02420
RE: Willard's Woods Conservation Fund
Dear Mr. Fields,
Town of Lexington
Conservation Commission
Tel: (781) 862 -0500 x226
Fax: (781) 861 -2780
A trust fund to preserve the character of the Willard's Woods Conservation land has been established by the
Conservation Commission. This letter is to set forth the terms under which the Trustees of Public Trusts agree
to hold a Trust Fund.
1. The Trustees will hold and invest the Fund as part of the common trust funds administered by them for the
Town of Lexington.
2. Three quarters of the net income earned by the Fund each year may be paid from time to time for plantings,
signage, maintenance projects and land costs associated with the acquisition of abutting land when voted by
the majority of the Conservation Commission.
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 and all capital gains shall be added to the principal each year.
Very truly yours,
� D� � Joyce M V
Chairman
cc: N. Cohen
i /b. Williams
M. Nordby
1625 MASSACHUSETTS AVENUE • LEXINGTON, MASSACHUSETTS 02420