Idaho Falls council OKs sale agreement for city land to Clearstone LLC for $2 million

The Idaho Falls City Council approved a purchase‑and‑sale agreement to sell a city parcel to Clearstone LLC for a purchase price stated in the meeting materials as $2,000,000. The buyer has reviewed and signed the agreement and the city attorney prepared the documents for council review and approval. The council’s action authorized the mayor and city clerk to sign the sale documents so the buyer’s nonrefundable deposit can be collected and the due‑diligence period can begin.City staff highlighted standard contract terms: the agreement is city‑drafted and transfers customary appurtenances (water rights, mineral rights) unless explicitly restricted; staff stated the buyer may use water rights for their storm‑drainage and storage needs and that any city easements (for pipelines or similar) will be maintained. Staff also noted a due‑diligence period and extension option were included in the agreement and said exhibit labeling would be corrected before final execution.Staff said one of the three offers received during a prior solicitation was selected as the "highest and best use" and council gave direction on September 11 to proceed with the $2 million offer. Council then moved and approved the purchase‑and‑sale agreement and authorized the mayor/clerk to sign. The motion passed on a roll‑call vote.