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Huron council approves emergency sale of 41.88-acre River Road parcel to TriBand Investments for residential development
Summary
The City of Huron approved an emergency ordinance to sell about 41.88 acres on River Road to TriBand Investments LLC, beginning a due-diligence period and setting the path for rezoning and a large residential subdivision that could include 70–220 single‑family units.
The Huron City Council on a vote approved an emergency ordinance to sell roughly 41.88 acres of vacant land on River Road to TriBand Investments LLC, a step that starts a due‑diligence period and sets up rezoning and planning work for a large residential development.
Council members said the sale — for a stated purchase price of $700,000 — would immediately allow TriBand to begin evaluations. Under the terms read into the record, $450,000 is due at closing, $125,000 is payable 12 months after closing and $125,000 is payable 24 months after closing. The agreement gives the developer a six‑month due‑diligence period;…
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