JMRPWG agenda 052599 - Laserfiche WebLink

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5/ 26/ 99 • Now in the process of creating a matrix of easementso to provide a picture of what they have , the gaps that . . might exist , and what is happening with the properties . 42 . Boulder County; CO (Nancy Dayton, (303) 67 & 6243) Methods of Acquiring Land Sales Tax : . In 1993 passed a4 sales tax for4 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 . " . ` to • 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 . • 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