2021 Open Space GO Bond

Why

The county wants to preserve its open spaces for recreational and environmental conservation purposes and intelligently manage its growth.

Bond Details

  • Bond lasts for 26 years
  • $50,000,000 total will be raised through the GO Bond
  • Tax is an estimated $40/year on a $715,000 primary residence. $73/year on a business or secondary residence of the same value
  • Residents will see the tax rate of the Summit County General Fund on their property tax bill increase slightly this year. That is for this Open Spaces GO Bond.

Purpose of GO Bond

To purchase passive and active open space, conservation easements, and construct recreational amenities. The bond also pays for environmental and wildlife mitigation measures and related improvements.

Three open space advisory committees have been created


Eastern Summit County Agricultural Preservation Advisory Board (ESAP)

  • Purpose: Creation, identification, and preservation of agricultural and open space lands within Eastern Summit County.

Basin Open Space Advisory Committee (BOSAC)

  • Purpose: Creation, preservation, and identification of open space within the Snyderville Basin in order to ensure high conservation values and promote the resort and scenic character of the area.

Summit County Open Space Advisory Committee(OSAC)

  • Purpose: the identification, preservation, and acquisition of open space, agricultural protection areas, and conservation easements countywide.

Criteria for open space land purchases

  • The county generally acquires properties that meet one or more of the following criteria:
  • Preserving rural areas that provide community buffers including significant agricultural land
  • Land for passive recreation including land for public access and potential trail connections
  • Land with other significant resources, including scenic view corridors, riparian corridors, wetlands, and wildlife habitat
  • Properties that reduce development density, or provide growth limitation/buffers

Methods Summit County uses to acquire property

  • Purchase: the landowner requests the full market value for the property transaction or conservation easement designation from the buyer.
  • Full Donation: the landowner donates ownership of the land in totality without compensation from the recipient. This transaction is also called a Fee Simple Donation and can provide tax benefits to the donor.
  • Partial Donation: It is used when a landowner wants to retain a portion of the property rights or would like to receive a cash payment for a portion of the property value. The remaining rights and/or value of the property are donated to the recipient.

OFFICIAL BALLOT FOR SUMMIT COUNTY, UTAH

NOVEMBER 2, 2021

Summit County Clerk

COUNTY BALLOT QUESTIONS

County General Obligation Bond

Shall the County Council (the "Council") of Summit County, Utah (the "County"), be authorized to issue General Obligation Bonds (the "Bonds") in a principal amount not to exceed Fifty Million Dollars ($50,000,000) for the purpose of paying all or a portion of the costs of the acquisition of passive and active open space, conservation easements, and constructing recreational amenities and environmental and wildlife mitigation measures and related improvements; said Bonds to be due and payable in not to exceed twenty-six (26) years from the date of issuance of the Bonds?

Property Tax Cost of Bonds: If the Bonds are issued as planned, an annual property tax sufficient to pay debt service on the Bonds will be required over a period of twenty-six (26) years in the estimated amount of $40 per year on a $715,000 primary residence and in the estimated amount of $73 per year on a business or secondary residence having the same value.

The foregoing information is only an estimate and is not a limit on the amount of taxes that the County may be required to levy to pay debt service on the Bonds. The County is obligated to levy taxes to the extent provided by law in order to pay the Bonds. The amounts are based on various assumptions and estimates, including estimated debt service on the Bonds and taxable values of property in the County.

FOR THE ISSUANCE OF BONDS (YES)

AGAINST THE ISSUANCE OF BONDS (NO)

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