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Renewal of Land Bank REET qualifies for Nov. 8 ballot

County Auditor Milene Henley certified the Land Bank renewal petition circulated by the "Renew Our Land Bank" citizens group. The group collected 2,670 signatures in an effort to place a 12-year renewal of the 1 percent real estate excise tax (REET), paid by purchasers of real estate in San Juan County and given to the Land Bank, on the November 8 ballot. The Elections' office staff checked 1,160 of the signatures, of those 1,005 were valid. As only 938 signatures, 10% of the voters who voted in the last general election, were required the checking was stopped at that point.

The Land Bank authorization runs out in 2014. Voters will decide whether to continue it in the general election. The tax supports the acquisition and maintenance of conservation areas managed by the Land Bank. It was renewed once for 12 years after voters originally voted for its creation in 1990.

The county Land Bank is separate from the private San Juan Preservation Trust which uses private funds to acquire and preserve land.


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