REET Renewal
The Land Bank real estate excise tax (REET) is up for renewal and will be on the ballot this Fall. The Orcas Island Community Foundation Board is endorsing continuing this REET, as it provides funding to the Land Bank for preservation and conservation of land throughout the islands. On Orcas they steward Turtle Back, Coho, and soon to be open North Shore Preserve, among many others. The Land Bank staff works in concert with the San Juan Preservation Trust and a legion of volunteers to maintain trails, mitigate invasive species, and manage the public lands under conservation.
Additionally, San Juan County has a Housing Fund REET, providing funding for affordable housing. This REET was established in 2018 and has supported April’s Grove neighborhood and the Northern Heights Apartments on Orcas, as well as projects throughout the County. The housing REET is only available to counties that have already adopted a Land Bank REET. If the Land Bank REET renewal fails, we will lose both the Land Bank and affordable housing funding.
Open space and affordable housing are key elements of a healthy community. Maintaining the REET is a great step towards ensuring the islands remain a wonderful place to live for all islanders. To learn more about renewal, go to https://www.renewourlandbank.com/.
The Matching campaign for the Senior Center Building purchase is going strong! We have raised $30,000 of the $50,000 goal. Thanks to everyone who has contributed so far!
There is still time to donate online at www.oicf.us or drop a check off at the OICF office or Senior Center.
This weekend is Market Days at the Episcopal Church, a great treasure sale, from 10-2. It’s like Christmas in July! The Funhouse Gala on Sunday is sold out but you can still support them through the silent auction here.
I hope you are enjoying these lovely summer days-
Hilary