An initiative that would require Nevada County to pay property owners if a land use regulation diminishes property value appears headed for the November ballot.
Both opponents and supporters of the initiative expect that Nevada County will approve the initiative and that it could lead to similar efforts in other parts of California, especially in conservative rural counties.The initiative would establish a process for landowners to present claims to Nevada County Superior Court for reimbursement if the landowner believed a county regulation restricted the use or utility of property. The use or utility of property would be based on existing zoning, said Russell Steele, chairman of Citizens for Fair and Balanced Land-Use. The Superior Court would award claims based on a real estate appraisal.
Thanks to Paul Shigley
FULL STORY: Local Takings Initiative Heads to Ballot
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