Today the Prescott City Council approved an intergovernmental agreement (IGA) with Yavapai County and the Town of Prescott Valley, to acquire approximately 3,300 acres of Arizona State Trust Land on and around Glassford Hill. The IGA was approved last week by Yavapai County Board of Supervisors and is scheduled to be reviewed by the Prescott Valley Town Council at an upcoming meeting. When all three jurisdictions have signed the agreement, they will begin seeking funding and acquiring multiple large parcels of land. The goal is to create a regional park for outdoor recreation, including hiking trails linking to various trails in Prescott and Prescott Valley.
The initial appraisal of all parcels shows a value of $10,000 – $14,000 per acre. Funding will be sought from a variety of sources, including the State of Arizona, public grants and cost sharing from the three participating jurisdictions, over the 10-year duration of the agreement. Funding can occur as budgets allow over the 10-year period. An application has been filed with the Arizona State Land Department (ASLD). The partnership is seeking state appropriation of $3,000,000. Other funding could include grant money from Arizona State Parks.
The cost of the initial appraisal is being split evenly among Prescott, Prescott Valley, and Yavapai County and future costs associated appraisals, filings, advertising, survey, and other fees from ASLD will be shared evenly.
Here are some other key facts about this IGA:
- Prescott and Prescott Valley will purchase State Land Trust lands within their municipal boundaries and Prescott Valley will purchase approximately 500 acres that fall within unincorporated Yavapai County.
- Prescott will be responsible to purchase up to approximately 1,700 acres and Prescott Valley will be responsible to purchase up to approximately 1,600 acres.
- Each year, the partners will meet with Arizona State Parks and ASLD to determine what parcels will be purchased by Prescott or Prescott Valley.
- Each year, the partners will determine which trails will be built according to the available budget.
- Each year, it will be determined what funding is available from grants or state appropriation. The remaining amount needed to cover that fiscal year’s purchase will be budgeted by Prescott and Prescott Valley, respectively, for land in their jurisdictions. Yavapai County will budget to pay 35% of the remaining cost to purchase land in that fiscal year for both Prescott and Prescott Valley.