Land trust yet to decide how to spend salter funds | TheUnion.com
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Land trust yet to decide how to spend salter funds

The Nevada County Land Trust continues to ponder how to spend $600,000 raised from the sale of Al Salter’s 36-acre property, President John Taylor said Friday.

The group sold the property last month to a private party from the Bay Area, Taylor said.

A seven-member committee formed last week is “now working on the criteria that we will follow to accept a proposal for the use of the money to benefit animals,” Taylor said.



The committee, consisting of two people from the trust and five local residents, is open to proposals from the public or any organization, Taylor said.

Though no definite plan is in place right now, the Land Trust would most probably spend money first on smaller expenditures from the interest, instead of the principal, Taylor said.




The next meeting of the committee is on Oct. 2, Taylor said.

Those interested in proposing a plan can contact the Land Trust at 272-5994.

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To contact Soumitro Sen, e-mail soumitros@theunion.com or call 477-4229.


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