It's time to start signing easements! We will begin contacting landowners to discuss their specific easements as well as tax credit numbers. We will arrange to meet with each landowner in person so that all questions and concerns can be alleviated. Please remember that your in-kind tax credit amount is ultimately up to your discretion, though we do have a formula for discovering the value of your easement. Please contact us to set up a meeting or discuss other questions you might have.
The Community Broadband Project is working on an effort to amend landowners' existing Tri-State easement agreement so that the language changes minimally to include rights to commercial use of the fiber optic cable. This amendment will significantly simplify the easement perfection process and reduce confusion about why new easements have to be signed, who else will have access to landowners' properties, and who is holding title to this new easement. For more information or to indicate your interest in an amended easement versus a brand new easement, please contact us at the CBP.
The Community Broadband Project will launch a concerted effort to perfect all easements by March 31. The months of January, February, and March will be devoted to educating the public about the importance of this project, how the communities of Nucla, Naturita, and Norwood will benefit from expanded, reliable, high speed internet service, how the infrastructure will be built out in those towns, and which landowners are eligible for the new Enterprise Zone Tax Credit initiative. It's very important that we reach out to the communities because this project is critical to every single resident.
The State of Colorado deemed rural broadband such an important venture that it is offering a state income tax credit to landowners who sign the easement allowing commercial internet use of the Tri-State fiber cable. As of January 1, 2017, eligible landowners are eligible for a 25% (cash) or 12.5% (in-kind) state income tax credit as part of the Enterprise Zone, which is designated for economically underdeveloped regions. The actual tax credit amount depends on the appraised value of the portion of land where the cable runs. We will work with landowners to get the fair and accurate assessment of that portion so that they can get their tax credit.
The Community Broadband Project supporters and volunteers are excited about this opportunity and hope all landowners will reach out to learn more about their eligibility. The sooner we get those easements perfected, the sooner we can see economic benefits to our efforts in Nucla, Naturita, and Norwood.