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How does the The total value of property in the region is currently estimated at about $50 billion. <br /> removal of The bond measure funds used to purchase land at market value would reduce the <br /> property taxable property base by 2/10 of 1 percent, or $105 million. Increases in assessed <br /> from tax value in the region are expected to compensate for this reduction in less than one <br /> rolls affect year after the property acquisition. <br /> property -based <br /> revenues? <br /> Can a The 14 regional acquisition target areas, five trail and greenway corridors and 90 <br /> target area, local government open space and parks projects submitted under this measure were <br /> trail project selected from regionwide public review processes during 1994. Should any of the <br /> or local project acquisition areas or trails projects specified in the bond measure be unavailable for <br /> be changed acquisition, become degraded, cost prohibitive, or otherwise unfeasible, the bond <br /> after the bond measure allows that other properties or sites can be selected by the Metro Council <br /> measure is after a public hearing. A similar provision is included for local projects at the local <br /> approved? government level. Alternative sites must be consistent with Metropolitan <br /> Greenspaces Master Plan criteria. <br /> How would the A number of steps would be taken to acquire greenspace and trail properties. Option <br /> parks and trail agreements to purchase land that were signed prior to the bond measure election <br /> corridors be would be implemented. Intergovernmental agreements between Metro and local <br /> purchased? government park providers would be signed to begin local open space and parks <br /> projects identified in the bond measure package. <br /> For regional park target areas and regional trail projects, Metro would work with <br /> local governments, citizen groups and other interested parties to identify priority <br /> acquisition sites. All real estate transactions would be subject to review by the Metro <br /> Council and the provisions of the real estate laws of Oregon. <br /> Once a property or trail corridor is acquired, the site would be subject to manage- <br /> ment planning to identify appropriate improvements, levels of public use and main- <br /> tenance objectives. <br /> The material produced by Metro related to the Open Space Acquisition bond <br /> ' measure was authorized by the Metro Council under Resolution 95 -2088. <br /> M ET R 0 Printed on 100 percent recycled- content paper, 80 percent post - consumer waste. 94547 <br /> 3 <br />