HomeMy Public PortalAboutResolution 2021-10-02 Adopting the Fraser Land Acquisition Policy FRASER LAND ACQUISITION POLICY
WHEREAS,the Town of Fraser is seeking to acquire land for workforce housing and be more responsive
in providing offers for land as opportunities arise.
WHEREAS,the lack of affordable housing has been identified as a critical factor in maintaining our
quality of life as local businesses struggle to find employees to provide goods and services to our
residents and visitors.
WHEREAS, successful acquisition of land can function as a catalyst for state and local funding resources
and public/private partnerships for the construction of permanently deed restricted homes for the local
workforce.
WHEREAS, development incentives adopted by the Town of Fraser have proven ineffective to attract
private investment into long term workforce housing.
BASED UPON THE FOREGOING,The Fraser Board of Trustees adopted, by Resolution No. 2021-10-02,
the following the Fraser Land Acquisition Policy.
Land Acquisition Policy
A. This policy promotes the Town of Fraser's ability to acquire land with the intent to build deed
restricted housing for the local workforce.The Town is committed to pursuing opportunities to
acquire land that makes sense for workforce housing and could lead to future annexation into the
Town of Fraser if not already within Town boundaries.
B. If an opportunity arises that meets the criteria of this policy,the Town Manager has the authority to
make an offer on such property. Any offer made by the Town Manager and accepted by the
property owner or listing agent shall require Town Board approval before entering into a purchase
agreement for the property.
C. Criteria that must be met in order for the Town Manager to make an offer on any property are as
follows:
a. Land must be either within the Town of Fraser or within reasonable proximity for future
annexation.
b. Land must be with reasonable proximity to Town of Fraser water and sewer infrastructure.