Land Bank Program Inventory and Price List (Land Coverage And Restoration Credit)
Timeline to Acquire Rights
Apply to the Conservancy the same day as submitting final plans to the building department. Transactions typically take up to eight weeks, but must be completed within four months. Extension fees are required to extend the escrow. Transactions cannot exceed one year.
Conservancy Transaction Fees
| Type of Transaction Fee | Type of Coverage Transaction | Price |
|---|---|---|
| Transaction Fee | All | $350 |
| Escrow Fee | All | $755 |
| California Environmental Quality Act Fee | Applicable to all pier transactions. | $2,500 |
| California Environmental Quality Act Fee | If applicable to other project types. See section below on California Environmental Quality Act fee. | $2,500 |
Land Coverage And Restoration Credit Inventory and Price List
The price list is best viewed on a tablet or desktop computer.
Prices are valid through October 31, 2023.
| HYDROLOGIC AREA* | TYPE OF COVERAGE | PRICE (Per square foot) | Inventory (square feet) |
|---|---|---|---|
| South Stateline | Potential (receiving parcels >725 IPES or Bailey 4-7) | $7.50 | 106,462 |
| South Stateline | Potential (receiving parcels <726 IPES or Bailey 1-3) | $25.00 | 4,771 |
| Upper Truckee | Potential (receiving parcels >725 IPES or Bailey 4-7) | $7.50 | 1,721,401 |
| Upper Truckee | Potential (receiving parcels <726 IPES or Bailey 1-3) | $25.00 | 28,608 |
| Emerald Bay | Potential (receiving parcels must be located within Fallen Leaf Lake Planned Unit Development) | $10.00 | 2,185 |
| McKinney Bay | Potential (receiving parcels >725 IPES or Bailey 5-7) | $10.00 | 4,036 |
| McKinney Bay | Potential (receiving parcels <726 IPES or Bailey 1-3) | $25.00 | 126 |
| McKinney Bay | Hard (receiving parcels >725 IPES or Bailey 5-7) | $25.00 | 1,129 |
| Tahoe City | Potential (receiving parcels >725 IPES or Bailey 4-7) | $10.00 | 6,362,227 |
| Tahoe City | Potential (receiving parcels <726 IPES or Bailey 1-3) | $25.00 | 353,152 |
| Agate Bay | Potential (receiving parcels >725 IPES or Bailey 4-7) | $10.00 | 434,693 |
| Agate Bay | Potential (receiving parcels <726 IPES or Bailey 1-3) | $25.00 | 69,032 |
| Any California Hydrologic Area | Restored Soft Class 1-3 Coverage (receiving parcels IPES >725 or Bailey 4-7) See TRPA Code of Ordinances, Chapter 30 for special transfer requirements. ** | $25.00 | 7,122 |
| Any California Hydrologic Area | SEZ Restoration Credit (Bailey 1b) | $30.00 | 20,194 |
Coverage & Development Rights Links
Sale Requirements
A limited supply of rights is for sale by the California Tahoe Conservancy’s Land Bank Program on the California side of the Lake Tahoe Basin. The Land Bank Program provides rights to the following broad market categories: Open Market Sales (residential and commercial projects), Public Service projects, Conservancy projects, Excess Coverage Mitigation, and Memorandums of Understandings with other agencies. If a project is cancelled, the inventory increases. If a project uses rights, the rights are removed from the inventory.
Sale Prices
Sale price is secured and agreed upon at the time a Purchase and Sale Agreement is signed.
Fees
After Conservancy Staff review, Conservancy will request:
- $350 administrative fee;
- Signed purchase and sale agreement;
- Notarized Notice of Transfer;
- Purchase price plus $750 escrow fee per right.*
- No escrow required for Restoration Credit transactions.
* Larger transactions require higher escrow fee. Contact staff below for details.
Purchase Eligibility / Prequalification
There are restrictions on purchaser eligibility, use, and transfer of the marketable right. The Conservancy reserves the right to disqualify applicants who do not meet the following eligibility criteria:
- There must be an active project.
- Submit final site plans to TRPA and/or building department.
- The project must comply with TRPA Code.
- All transfers are subject to all applicable government entity approval.
- Complete applications are required (see below).
California Environmental Quality Act Fee
The Conservancy must have a complete application to evaluate the project under California Environmental Quality Act (CEQA). Find more information regarding CEQA.
Land Bank Contact
Email questions to landbank@tahoe.ca.gov or call (530) 543-6033.
Contact the Conservancy for current terms and conditions. The Conservancy reserves the right to withdraw, postpone, or otherwise modify the provisions of this announcement prior to concluding any sale of rights.
Pursuant to Government Code section 66907.8, the Conservancy may sell any real property interest to fulfill the purposes of its enabling legislation and to promote the state’s planning priorities.