§ 32.21 LAND.
   (A)   The town will capitalize all land purchases, regardless of cost. Original cost of land will include the full value given to the seller, relocation, legal services incidental to the purchase (including title work and opinion), appraisal and negotiation fees, surveying and costs for preparing the land for its intended purpose (including contractors and/or town workers (salary and benefits)), such as demolishing buildings, excavating, clean up and inspections.
   (B)   A department will record donated land at fair market value on the date of transfer plus associated costs.
   (C)   Purchases using federal or state funding will follow the source funding policies and above procedures.
(Ord. 08-002, passed 4-21-08)