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Council accepts appraisal, asks TRPA to make development-rights trading transparent
Summary
Council unanimously accepted a Johnson Valuation Group appraisal that raised fair-market values for development commodities and set 2025 price points at one-third of market value; members also directed staff to draft a policy with benchmarks for discounted sales and asked staff to request that TRPA make commodity trading (RUUs, TAUs, coverage) more transparent.
The South Lake Tahoe City Council on May 20 voted unanimously to accept a 2024 appraisal of the city’s development-commodity inventory and to set 2025 price points at one-third of the recommended fair-market values, while directing staff to return with a clearer pricing policy and asking for greater transparency from the Tahoe Regional Planning Agency (TRPA).
Assistant Planner Katherine Moore presented the annual report and summarized increases in appraisal values recommended by Johnson Valuation Group, including higher valuations for commercial floor area, potential and full residential units…
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