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MEMORANDUM
TO: Board of Supervisors
FROM: Carol J. Huchingson, County Administrative Officer
DATE: May 7, 2019
SUBJECT: Consideration of (a) Resolution authorizing the County Administrative Officer to execute a Funding Agreement with Pacific Forest and Watershed Lands Stewardship Council, approving the County's receipt of $796,993 in lieu of property taxes related to the transfer of 891 acres, located near the Eel River, Lower Trout Creek area, from the Pacific Gas & Electric Company to the United States Forest Service; and (b) Resolution authorizing the County Administrative Officer to execute a Funding Agreement with Pacific Forest and Watershed Lands Stewardship Council, approving the County's receipt of $56,428 in lieu of property taxes related to the transfer of 95 acres, located near the Eel River, Lower Trout Creek area, from the Pacific Gas & Electric Company to the Potter Valley Tribe
EXECUTIVE SUMMARY:
BACKGROUND:
The Stewardship Council has recommended that approximately 891 acres of PG&E Watershed lands located in Lake County be transferred to the United States Forest Service, a government agency. In connection with this transfer of real property, the Stewardship Council has agreed to make a lump sum payment to the County. The County General Fund will receive $182,135 of the current total estimated tax neutrality lump sum amount of $796,993.
The Stewardship Council has also recommended that the Potter Valley Tribe, a federally recognized tribe, receive a fee title donation to approximately 95 acres of PG&E Watershed lands located in Lake County. In connection with this transfer of real property, the Stewardship Council has agreed to make a lump sum payment to the County. The County General Fund will receive $12,895 of the $56,428 lump sum in exchange for the County agreeing to forego the collection of property taxes from the Potter Valley Tribe.
Tax neutrality funding agreements between the County and Pacific Forest and Watershed ...
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