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Draft <br /> 3/24/99 <br /> Focus of Acquisition : <br /> • The city concentrates its efforts around one creek in particular. <br /> • As the city acquires land around it, the Army Corps of Engineers will <br /> come in and repair it <br /> -back to its original form under a 1135 grant. <br /> Besides the creek , acquire land all over the city . <br /> Made decision to buy more properties vs . one small <br /> piece <br /> • Now in the process of creating a matrix of easements to <br /> provide a picture of what they have , the gaps that <br /> might exist , and what is happening with the properties . <br /> Boulder County, CO — Nancy Dayton, (303) 678 -6243 <br /> Methods of Acquiring Land: <br /> Sales Tax : <br /> In 1993 passed a sales tax for acquiring land <br /> Revenue from so far between $ 4 and $ 4 . 5 million <br /> annually , which the county uses to pay off bonds . <br /> Sold idea of sales tax of <br /> Needed carrots to help sell the idea , certain areas <br /> that everyone wants to stay open . Able to work out <br /> arrangements to get them . <br /> In its life , it has generated $ 33 million , which has <br /> allowed the county to %opower shop . A <br /> The community supported and initiated the sales tax <br /> idea . <br /> Had deals in place before the bonds to buy 4 - 5000 acre <br /> ranches <br /> Details of buying : <br /> Find property ownership where wanted to purchase the <br /> conservation easement <br /> Rolling option contract , purchase land overtime , price <br /> set in the first year <br /> • Pay about 6 % per annum on the balance <br /> The current board of county commissioners has to <br /> approve the purchase of the additional land on a yearly <br /> basis , but have every time so far <br /> Have some staff dedicated to just land acquisition on <br /> their staff, including an attorney and paralegal <br /> 29 <br />