05-27-1987 Council Agenda - Laserfiche WebLink

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LS'.;CF GRANTS MANUAL CHAPTER 670.3 K. Cost of Real Property Purchased from 0_her Public Agencies. The, actual cost to the project' sponsor of land purchased from another public agency may be eligible for matching assistance, subject to the following conditions: (1) The land was not originally acquired by the other agency for recreation. (2) The land has not been managed for recreational purposes while in ' public ownership. (3) No Federal assistance was provided ia.tihe original acquisition by the other agency to facilitate the basic project being funded by LSWCF assistance, unless the Federal assistance was provided by the supplemental programs allowed in Section 670.1.5. (4) The selling agency is required by law to receive payment for land transferred to another public agency. Examples would be public school land that can be used for non — school purposes only through payment to the school agency, or excess State prison lands that can be transferred to local government use only on a purchase basis. The support ceiling will be based on the price paid by the project sponsor for the property or the fair market value, whichever is less. In some instances the selling agency may be permitted a choice between various State laws which would set the selling price at different levels depending upon which law is chosen by the agency. For example, various laws may be in force ftl which would allow the agency to transfer the real property to zci another public agency for fair market value, for reimbursement of unpaid taxes, as a donation, or for other consideration. L&WCF assistance will be limited to the minimum amount for which the 'property could be transferred legally and only in those instances for which there is an attorney. general's opinion or established case law. (5) The requirement of appraisal, history of conveyances, and evidence of title are the same as normal purchases. (6) If the selling agency is Federal, fair market value is paid (see Section 670.3.5M). L. Costs of Real Property Acquired through Exchanges. Land owned and administered by the project sponsor may be exchanged for more valuable land administered by another public agency or for land owned by a private party. The support ceiling will be based on the amount of cash, if arty, that must be paid by the project sponsor in addition to the land conveyed, subject to appraisal requirements. Both parcels must be adequately appraised. Manual Release 144 Replaces: MR 140 3/22/83 Page 83 9