Which city is trading building permits for land? The City of Perris, California
What was the city’s policy? Its called a dedication requirement. Here’s how it works:
- Property owner wants to build on their property.
- Property owner needs permits.
- City takes part of your land when you get your building permit
Why is the City of Perris taking land when permits are issued?
- To suppress the fair market compensation value of land
- Later, the city will take more of the owner’s land via eminent domain
- But, by taking land in exchange for the permit, the city is lowering the value of the land
Is there a pending legal case? Yes
- Land owners had agriculture land that was also zoned for light industrial use
- A Lowes distribution center needed an access road
- because of the dedication requirement, the land needed for the access road is valued as agricultural land, and not its highest and best use of light industrial use