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Staff reports about $5.4 million remaining from $15 million bond for land acquisitions
Summary
Staff told the Reservation Board that roughly $5.4 million of a $15 million bond remains available for land purchases; appraisals and negotiations will draw on that remaining fund balance.
At the meeting the Staff member reported the committee has about $5.4 million left of the original $15 million bond approved for land purchases. The committee discussed how any appraisals and purchases approved at this meeting would come from that remaining balance.
"So basically, we have about 5,500,000 of the 15 left rounding. It's, you know, the number is 5,400,000," the Staff member said. Committee members and staff noted appraisal fees and potential additional costs that would be added to the purchase amounts. Staff also said appraisals are taking longer because appraisers are backlogged.
