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Council approves sale terms for former ConAgra parcel to Tri Band Investment LLC
Summary
Huron City Council adopted Ordinance 2025-02 on Jan. 14 authorizing sale of the former ConAgra property to Tri Band Investment LLC for $750,000 with a staggered payment schedule and developer due-diligence period; staff will return with a development agreement and perpetual easements before real-estate transfer.
The Huron City Council voted Jan. 14 to approve Ordinance 2025-02 authorizing the sale of the city-owned former ConAgra parcel to Tri Band Investment LLC and to declare the ordinance an emergency measure. The sale is structured at $750,000, with $250,000 due at closing and the remaining $500,000 secured by a city mortgage and paid back at $10,000 increments tied to the sale of residential units.
Why it matters: the transaction clears a major step toward redevelopment of a large, formerly industrial parcel in Huron. The ordinance requires follow-up development agreements, easements and municipal approvals to ensure public access and to…
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