Schmidt says he wants to ask Authement for a 180-day due diligence period, in which the TPL will pay for the horse farm's new appraisal, title clearance and related matters. During that time, Schmidt's organization would work out an agreement with Lafayette Consolidated Government (or the entity that would ultimately own the property) and then finalize the terms of the transaction with Authement. In a nutshell, the trust would buy the land (a 20 percent down payment is required), and hold it until the city-parish can pay for it. "The funding scenario has yet to be determined," says Schmidt, who will be in town Friday to discuss the matter with Save the Horse Farm members, community leaders and City-Parish President Joey Durel.
"I am anxious to hear what they have to say," notes Durel, who has maintained an interest in the property but says LCG has no funding for it. "I agree we're never going to have this chance again."
Schmidt explains that the TPL would put its resources and expertise into solving the funding issue by exploring a number of sources, including federal grants, philanthropic donations, fund raising efforts, monies or a partial land swap from local government, as well as the option of selling some lots for residential development. "It can be a combination of ways to address funding," he says.
Established in 1972, the TPL has helped protect more than 2 million acres of land in 47 states in much the same fashion.
Friday's meeting will be held at 11 a.m. at Lafayette attorney Glenn Armentor's downtown office. A scheduling conflict may prevent Armentor from attending, but the prominent local lawyer is a staunch supporter of the community effort. "I'm a million percent for saving that horse farm," Armentor says.
In light of the TPL's interest, Save the Horse Farm is anticipating similar support from a broader base of community leaders. The group had a handful of architecture students work on a preliminary design for the park ' so that residents can get an idea of what's envisioned and to help with the fund raising effort ' and recently established a greenspace fund with the Community Foundation of Acadiana.
Save the Horse Farm understands the need to act quickly.
On the evening of April 27, just hours after announcing his retirement, Authement told KATC-TV3 that the horse farm property is a liability and he intends to sell it. "It's a very valuable piece of property; I now have four solid offers for the property. If it sold, however, it would have to go out for bids," he said to reporter David D'Aquin. "Potential buyers include a developer who wants to build upscale homes on the land and an individual who wants to buy the entire horse farm to build a single, private residence on it," Authement continued.
However, Schmidt says he does not think the property has to go out for bid if the TPL offers a fair market price to the university after the property has been independently appraised. Jerry Jones, director of the state's Office of Facility Planning and Control, says any agreement to sell the property to LCG or the TPL would, instead, likely require legislative authorization. "Otherwise, it may have to be bid," Jones explains.
Standing just outside of the gate to the horse farm property Monday, where she watched bulldozers crush the old red dairy barn to rubble at Authement's request, Save the Horse Farm co-founder Danica Adams says her grassroots organization is optimistic about the outcome of Friday's meeting.
"We can't be distracted by this setback," Adams says of the barn, which was torn down despite overwhelming opposition by the community and state legislators Mike Michot and Joel Robideaux, who represent residents in the horse farm area. "Authement has said that he would entertain our proposal first, so we're holding him to that," Adams says. "What we need to do is get a proposal on his desk as soon as possible."
Lafayette Police have had a busy day.
Gov. Bobby Jindal's administration will use $130 million in patchwork financing from a tax amnesty program, insurance settlement, uninsured motorist penalties and other excess funds to close most of the state's midyear budget deficit.
Democratic U.S. Sen. Mary Landrieu said she disagrees with President Barack Obama's actions on immigration, hoping the latest controversy doesn't worsen her campaign difficulties.
Gay-rights advocates challenging Louisiana's same-sex marriage ban announced Thursday that they have asked the U.S. Supreme Court to review their case before it is heard by a federal appeals court.
Thinking himself the “son of God,” the man charged with the 2013 killing of an officer of the Chitimacha Tribal Police will not stand trial following a ruling Thursday on his mental competency.
Either Saints coach Sean Payton doesn't want to tip Baltimore off as to who'll start in New Orleans' secondary on Monday night, or he really doesn't know yet.
Friday's Blogs from the Bog!
Ten departing CEOs rake in $430 million; profile of FSU gunman emerges; Buffalo's weather woes and more national and international news for Friday, November 21, 2014.
The Ethics Board gives the lame duck Youngsville mayor permission to offer a sweet parting gift to the community he’s presided over for three terms.
The money came through a general obligation bond sale Thursday.
A legend in the Acadiana Oil Patch, Comeaux died Monday, Nov. 17.
With a growing number of alleged sexual assault victims coming out against Bill Cosby in recent weeks, upcoming projects have been canned by NBC and Netflix, but that won’t affect the once-loved comedian and actor’s scheduled performance in Lafayette.
The Baltimore Ravens' retooled secondary had no trouble against a rookie quarterback at home. This week, however, their task is far more challenging: stopping Drew Brees on the road in New Orleans.
Add Texas Gov. Rick Perry's name to the list of possible Republican presidential candidates flooding the campaign trail for GOP Senate candidate Bill Cassidy.
Gov. Bobby Jindal is in Florida this week with his fellow Republican governors for another gripe session aimed at their favorite target, the president, this time taking aim at his immigration plans.
Early voting for the runoff is shortened by two days because of the Thanksgiving holiday.
“Coach Don” Gagnard is running for school board. Today he offers his critique of the socioeconomic relationship between government subsidies and obesity.
Former Le Rosier chef who cooked at the James Beard House and was named one of the “Best New Chefs in America” by Food & Wine magazine in 1995 was 48.
Pat Cooper is contesting his termination by the LPSB, filing a petition Tuesday that calls the recent decision “arbitrary and capricious.”
A look at the numbers highlights the challenge facing Louisiana Sen. Mary Landrieu as she tries to win a fourth term in a Dec. 6 runoff against Republican Rep. Bill Cassidy.
Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama.
A national animal rights group has been rebuffed by a Baton Rouge district court judge, although the group might still get its day in court.
The administration says public college campuses won't be on the chopping block.
The legendary musician is performing at a $1,000-per-person fundraiser Dec. 1 in New Orleans.
Old savings and checking accounts, payroll checks, stocks and dividends, insurance proceeds, oil and gas royalty payments and other unclaimed money is sent to the state when a business cannot locate someone.