LAND EXCHANGE PROCESS
(385:25-1-41. Procedure for Exchanging Land)
------- Exchange Applicant (Exchangee) meets with CLO to determine locations, discuss procedures and
preliminary discussion on possible private exchange properties.
------- Written Request for Exchange Reviewed and Acknowledged
1-2 weeks
------- Choose exchange property(s) and assemble information need for appraisals
4-12 weeks
------- Appraisal Packet to Appraisers from CLO (385:30-1-4. Appraisal)
3-8 weeks Three (3) independent appraisers
One (1) appointed by CLO
One (1) appointed by exchange applicant
One (1) chosen by the 2 appointed appraisers.
Appraisers will submit a consensus appraisal report with one value for each property appraised.
------- Appraisal reviewed by CLO and Exchangee
1-2 weeks Recommendation for exchange and other requirements determined
------- Acquire title information for private land to be exchanged.
1-8 weeks Applicant to provide an abstract of title for examination by CLO
Obtain good and sufficient title insurance
Conduct environmental reviews
Verify survey, if required
CLO will provide applicant an official certificate of record for property
(CLO does not warrant title)
Applicant to review title
Environmental review
Verify survey, if required
------- Notice of Exchange Approval to Exchangee
1-2 weeks Letter sent to exchange
Letter of acceptance received at CLO
------- Agreement letter to Applicant
1-2 weeks Letter sent to applicant
Letter of acceptance received at CLO
------- Prepare Exchange documents
1-2 weeks
------- Commissioners Agenda to Approve Exchange
1-4 weeks Issue Patent, patent is signed by Commissioners
------- Closing
(Estimated time 13-40 weeks, without title problems)
(updated 8/29/12)