Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Summit County council authorizes option to buy historic "Your Ranch" in Camas Valley
Summary
The Summit County Council unanimously authorized County Manager Shane Scott to sign a $5 million option on the 834-acre Your Ranch in Camas Valley, preserving the property and associated water rights while staff pursue grants to cover the remaining $25 million purchase price.
Summit County Council on March 8 unanimously authorized the county manager to execute an option agreement allowing the county to buy the Your Ranch, an approximately 834-acre property in Camas Valley that includes associated water shares and rights.
Mr. Thomas, who presented the agreement, said the option requires a $5,000,000 payment tied to a $25,000,000 purchase price and that a 4% interest rate would accrue on the unpaid balance during the option period. He said the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
