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Council authorizes lease with option to buy 34 acres for proposed energy storage project
Summary
The council authorized a three-year lease with Linkville Land Holdings LLC for roughly 34 acres at Memorial Drive and Fountain Avenue, with a $1,000 monthly lease and a $250,000 sale price if the developer secures state permits and completes required interconnect studies.
The Klamath Falls City Council on March 17 authorized the city manager to execute a land-lease and purchase agreement with Linkville Land Holdings LLC for approximately 34 acres located at Memorial Drive and Fountain Avenue. The agreement provides a three-year lease at $1,000 per month and a potential sale price of $250,000 if the developer secures required permits and closes the purchase.
Staff described the property as surplus land the city has tried to sell for several years. The proposed developer, Linkville Land Holdings…
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