HomeMy WebLinkAboutSage Preserve Acquisition SummaryOpen Space Real Property Proposed Acquisition
South Hill (Sage Preserve)
The proposed project involves the acquisition of a new +/- 137 acre preserve by the Town of Ithaca, Town of Ithaca Tax Parcel No.’s 44.-2-10, 45.-1-2.2 and a portion of 45.-1-1.2, located
on Ridgecrest Rd, Chase Ln, King Road E., and Schickel Rd, in Tompkins County, New York.
An appraisal was completed in May 2023 with a purchase value determined to be $655,000, with the total cost to acquire the properties being approximately $676,650. The landowners have
offered to donate a portion of the value ($168,000) of the acquisition and the Town of Ithaca has received a $50,000 grant from the Park Foundation and a $200,000 grant from Tompkins
County (Natural Infrastructure Capital Program) toward this acquisition project. The Town’s cost is estimated not to exceed $258,650.
Public hearing notice for the proposed acquisition, subject to permissive referendum:
YEAR END MEETING OF THE ITHACA TOWN BOARD
Town Hall, 215 N Tioga St.
December 30, 2025, 11:00 a.m.
For your convenience, participation is available through
ZOOM (929) 436-2866 Meeting ID 98910958241 and viewing only via YouTubeMeetingsLink