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Commissioners approve two-year sale agreement for 17-acre county parcel near East Cumberland Street
Summary
Lebanon County Commissioners voted 2-1 to enter a two-year agreement of sale that gives developer BT Lebanon County an equitable interest in a 17-acre county parcel near East Cumberland Street, with a potential $2 million purchase if due diligence is satisfied; commissioners raised concerns about wetlands and downstream impacts.
Lebanon County Commissioners on Thursday approved a two-year agreement of sale that gives developer BT Lebanon County an equitable interest in a 17-acre county-owned parcel near East Cumberland Street, with an eventual purchase price of $2,000,000 if the buyer completes required due diligence and proceeds to settlement.
County Solicitor Matt Yugely recommended the board enter the agreement, saying the developer, Bruce Thaler, will pay $25,000 in the first year and an additional $25,000 if he does not complete due diligence after the first year. If Thaler completes…
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