1. Tejon Ranch Agreement
May 2008

2. The New York Times

3. San Francisco Chronicle

4. The Sacramento Bee

5. Los Angeles Times

7. The Agreement

8. Negotiation Process

9. Negotiation Process Development applications on hold
Entire Ranch on the table
Scientific input to identify and rank conservation values
Assessment and ranking of development values
Focus discussion on areas of overlap

11. Goals: Tejon Ranch Partners
Ensure long-term shareholder value
Minimize obstacles to development activities
Maintain intact Ranch ownership
Maintain existing business operations
Use conserved lands for mitigation

12. Goals: Resource Groups
Maximize permanent conservation of Ranch land
Ensure oversight of conserved lands by independent third parties
Provide public access to conserved lands
Maintain current levels of stewardship on conserved lands
Allow for restoration and enhancement activities on conserved lands
Allow for scientific research and educational programs on conserved lands

13. Key Components Permanent Conservation Governance and Funding
Public Access
Ranch Management, Development

15. Key Components Permanent Conservation
135,000 acres under conservation easements
33,000 acres dedicated open space
10,000 acres for Pacific Crest Trail
62,000 acres to be acquired
Total: 240,000 acres

16. Key Components Governance and Funding
Established an independent conservancy
$800,000 per year for 7 to 14 years
Permanent funding source

17. Key Components Public Access Pacific Crest Trail
Commitment to establish state park
Tejon Ranch Conservancy-managed public access program
UC Reserve

18. Key Components Ranch Management and Development
Ranch-Wide Management Plan
30,000 acres potential development
Resource Groups’ non-opposition