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."
Struggling to preserve their Senate majority, Democrats are attacking Republicans over Medicare and Social Security in Louisiana, spending cuts in Arkansas, off-shore jobs in New Hampshire and women's issues in Colorado.
Saints safety Kenny Vaccaro says he "can't wait" to play against Green Bay quarterback Aaron Rodgers.
The heat keeps rising for Iberia Parish Sheriff Louis Ackal as a new slate of corruption allegations surfaced this week.
If opposing defenses sell out to stop the Packers' passing game, they risk being gashed by powerful running back Eddie Lacy, a New Orleans-area native.
At the horn the officiating crew trotted to the tunnel and left security personnel to clean up after them.
Friday's Blogs from the Bog!
Sign "ninjas" cleaning up clutter; NYC doctor positive for Ebola; Ferguson grand jury decision nears; and more national and international news for Friday, October 24, 2014.
We can safely assume incumbent Chief K.P. Gibson isn’t too worried about this challenger.
Nationally, Republicans must gain six seats to win Senate control. The most competitive races, many in states where Obama lost in 2012, remain too close to call.
The Baton Rouge Republican has repeatedly battled a perception within his own party that he perhaps wasn't the best choice to carry the GOP banner.
Even if Jimmy Graham's production dips while the star tight end recovers from a shoulder injury, it looks like Drew Brees won't have much trouble finding other targets.
A former campaign manager for Senate candidate Rob Maness is striking at the Republican contender's tea party support, saying Maness only sought to appeal to conservative organizations because he needed money for his campaign.
Ninety-two percent of public school teachers were rated either effective or highly effective in a report the state issued marking the second year of a new statewide evaluation process.
School board members Mark Babineaux, Hunter Beasley and Tehmi Chassion can vote to fire Cooper — because we all know that’s exactly what they’ll do.
District 2 school board candidate Simon Mahan is hoping to unseat first-term incumbent and former Carencro Mayor Tommy Angelle in the Nov. 4 election.
District Attorney Mike Harson is showing his desperation by falsely attributing quotes to his opponent and blocking journalists from his social media.
The governor is traveling the country laying the groundwork for a possible 2016 presidential campaign, but his approval ratings at home hover well below 50 percent.
State District Judge Bob Downing extended the order and delayed a planned Wednesday hearing about a permanent injunction while negotiations continue between Attorney General Buddy Caldwell and the waste disposal site operator.
New Louisiana higher education commissioner Joseph Rallo will be paid more than his predecessor.
Elijah McGuire and Alonzo Harris each had four rushing touchdowns, and Louisiana-Lafayette rolled to 419 yards on the ground in a 55-40 victory over Arkansas State on Tuesday night.
Bill and Hillary Clinton are the validators-in-chief for Democrats struggling through a bleak campaign season in states where President Barack Obama is deeply unpopular.
President Barack Obama is turning to black radio listeners to plead for midterm votes, a targeted approach to drum up Democratic support at a time when many candidates don't want him around in person.
"I am extremely disheartened by the political machines that are attempting to hijack my efforts along with others that advocate for children."
Landrieu, who is fighting to keep her seat for a fourth term, said that Ebola is serious and precautions should be taken, but she accused Republicans of using the virus outbreak in West Africa to "create fear" here at home.
Law enforcement agencies are participating in a "Louisiana Heroin Summit," designed to address the recent rise in heroin use and drug-related deaths around the state.