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ADVANTAGES <br /> SALE LEASE EASEMENT <br /> Coun Coun Coun <br /> Cashed out-no further Long-term lease provides Still able to use land-usually <br /> ownership or liability. steady income stream. provides equitable solution. <br /> Prevents loss of ownership. <br /> Government is typically Property preserved for future <br /> ill-equipped to manage use as asset. <br /> property-better to sell. Hawn Tel: <br /> Potential long-term gain. <br /> Provides capital for other Depending on the type of <br /> improvements and capital Keep in land inventory under easement, it can provide a <br /> projects. County control. revenue stream. <br /> Many government buildings Some private/public <br /> are old and poorly partnerships have advantages <br /> maintained may pose (GAO looking to enter <br /> environmental hazard. partnerships). <br /> Hard for government to use County wishes to maintain <br /> land to full potential (highest some control over land. <br /> and best use due to <br /> regulations). <br /> Hawn Tel: <br /> Upkeep and liability may <br /> outweigh worth of ownership. Process is provided for in the <br /> County Code--reverter to <br /> Sell unused property stop County if use is terminated. <br /> cash drain. Public utility is charged with <br /> upkeep and maintenance of <br /> Hawn Tel: site. No County efforts <br /> required for fiscal and <br /> In rare instances, the eventual physical management of the <br /> revenue might justify the long site. County plays a role in <br /> <br /> wait for subdivision process supporting providing basic <br /> versus granting or leasing an utility services to people living <br /> easement. in extensive rural areas. <br /> <br />