Commission Backs GFI Partners Conservation Easement Deal
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Description
The Derry Conservation Commission recommended that the Town Council accept a conservation easement from GFI Partners covering 28.72 acres at Ashleigh Drive, including an initial $7,500 stewardship contribution and a $1,000 annual payment with 2% yearly increases in perpetuity. The agreement formalizes long-term conservation oversight and monitoring requirements tied to industrial development mitigation.
Contract Details
Contract Amount
Initial $7,500 stewardship fund contribution plus $1,000 annually with 2% annual increase, in perpetuity
Vendor
GFI PARTNERS
Agency
Derry Housing & Redevelopment Authority, NH
Contract Type
OTHER
Document Date
March 16, 2026
Contract Term
Perpetual annual stewardship payments linked to conservation easement
Renewal Info
Easement terms include an initial $7,500 into the Stewardship Fund and an annual $1,000 payment subject to a 2% yearly increase in perpetuity; the Stewardship Plan is to be reviewed on a 10-year schedule.
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Issuing Agency
Local Housing Authority
Derry, NH
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