land acquisition
 Areas needed for the dam, lake and protected shoreline were identified by
the City and approved by the County in a Preliminary Land Acquisition Plan
prepared in 1998. These acquisitions were put on hold in 1999 but they
were resumed in 2006 after all major permits were approved, and are expected
to be complete by 2008.
The team of real estate professionals includes appraisers, surveyors, buyers
and attorneys working under the direction of County and City staff. A survey
is prepared for each property, the landowner is invited to be present when it
is inspected for appraisal, and a purchase offer is made based on fair market
value. The offer is presented by a buyer who negotiates the contract, and
the transaction is completed by an attorney who represents the County at the
settlement table. Once a property is purchased by the County, it becomes
subject to the City’s long-term lease.
Land Acquisition as of October 2007 |