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Vernon County committee approves resolutions to pursue two land acquisitions; project-loan agreement postponed
Summary
The Land and Water committee voted to approve resolutions allowing staff to apply for funding to acquire the Duck Egg and Avalanche properties, while discussion about a state project-loan memorandum of agreement that would raise the county's revenue-sharing requirement from 20% to 40% was postponed.
The Vernon County Land and Water Committee on a voice vote approved separate resolutions authorizing staff to apply for state funding to pursue acquisition of the Duck Egg property and the Avalanche property.
Committee members voted to move both resolutions forward after staff described the application process, appraisal timing and potential financial impacts of using state project-loan funding.
The resolutions authorize staff to apply for project loan funding that, if accepted, would require the county to dedicate a larger share of future timber-sale revenue to repay the state loan. Committee members said the change in the state's model would move the county from a 20% to a 40% share of timber-sale proceeds toward…
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