Deadline for Purchase Offers Approaching for Landowners at Pine Ridge, Makah Reservations

WASHINGTON — The Department of the Interior announced in December 2013 that owners of fractionated land interests at the Pine Ridge and Makah Reservations were the first to receive purchase offers under the Department’s Land Buy-Back Program for Tribal Nations (Buy-Back Program).

The Pine Ridge Reservation is among the most highly-fractionated locations in the United States; landowners with purchasable interests have been located in 46 states across the country.

Pine Ridge Indian Reservation

Pine Ridge Indian Reservation

Owners Must Respond Soon

The due date for the first round of purchase offers is quickly approaching, with responses due between January 29 and February 10, 2014. Purchase offers are valid for 45 calendar days from the date of the Cover Letter that is included in the Offer Package provided to owners.

Staff Ready to Answer Owner Questions. Landowners can contact the Trust Beneficiary Call Center at (888) 678-6836 with questions about their purchase offers, visit their local Office of the Special Trustee for American Indians (OST) office, contact their tribe’s staff working with the Buy-Back Program, or find more information at http://www.doi.gov/buybackprogram.

Sellers Receive Fair Market Value. 

The Buy-Back Program was created to implement the land consolidation component of the Cobell Settlement, which provided a $1.9 billion fund to purchase fractionated interests in trust or restricted land from willing sellers, at fair market value, within a 10-year period. Interested sellers will receive payments directly into their IIM accounts. Consolidated interests will be transferred to tribal governments for uses benefiting the tribes and their members.

Sellers receive fair market value for their land, based on objective appraisals. In addition, sellers also receive a base payment of $75 per offer, regardless of the value of the land. Some owners have already received more than $100,000 for their interests (offer amounts will vary based on the particular interests held).  Interests purchased from individuals through the program will be restored to Indian tribes.

In Washington State

In Washington State

Outreach Events Are in Progress

For more than a year, tribes and Interior have conducted outreach events throughout Indian Country, such as pow-wows, community meetings, and large Indian organizational gatherings to get the word out about the program and give landowners the opportunity to gather information in order to make informed decisions about their land. Additional events are scheduled to occur in the next two weeks in Neah Bay and Auburn, Washington, regarding Makah fractional interests, and in Rapid City, South Dakota, and communities on the Pine Ridge Reservation. For information about this week’s event for Makah, contact Dale Denney at 360-645-3106. For details about the Pine Ridge events, contact Georgine Looks Twice at 605-867-2610.

Participation Is Voluntary. Participation in the Buy-Back Program is voluntary and selling land does not jeopardize a landowner’s ability to receive individual settlement payments from the Cobell Settlement. Cobell Settlement payments are being handled separately by the Garden City Group, (800) 961-6109.

 

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  1. cyclers3 6 years ago
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