JMRPWG agenda 052599 - Laserfiche WebLink

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5 / lt / 99 • Now in the process of creating a matrix of easements to provide a picture of what they have ; the gaps that might exist , and what is happening with the properties . 2 . Boulder County, CO (Nancy Dayton , (303 ) 6781006243 ) Methods of Acquiring Land Sales Tax : • In 1993 passed a sales tax for acquiring land • Revenue from so far between $ 4 and $ 4 . 5 million annually , which the county uses to pay off bonds . • Sold idea of sales tax of 1/4 of a cent • Needed carrots to help sell the idea - certain areas that everyone wants to stay open . Able to work out arrangements to get them . • In its life , it has generated $ 33 million , which has allowed the county to " power shop . " • The community supported and initiated the sales tax idea . • Had deals in place before the bonds to buy 4 - 5000 acre ranches Details of buying . • Find property ownership where wanted to purchase the , conservation easement • Rolling option contract - purchase land over time , price set in the first year • Pay about 6 % per annum on the balance The current board of county commissioners has to approve the purchase of the additional land on a yearly basis , but have every time so far • Have some staff dedicated to just land acquisition on their staff, including an attorney and paralegal • Start the negotiation with a letter of inquiry , which lays out the potential offer and seeks to determine the interest in the owners possibly selling the land • Follow - up with a letter of intent to buy the land . Includes an offer for x acres , legal description of the land , the amount of water/ mineral rights , other conditions of the sell , lease back , etc . • Haggle , settle , get contract with those terms in it . v • Will do a variety of things to get deal done • Include the creation lots around beaten out house , add value to the seller ( can exempt subdivision policy if they can show a clear public purpose ) • 1 / 35 acre zoning