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Canyon Lake council authorizes purchase negotiation for 34.99-acre 'Goat Hill' in bargain sale
Summary
The City Council authorized staff to negotiate and execute a purchase-and-sale agreement for about 34.99 acres known as Goat Hill/Getz Hill from the Martin Family Trust in a bargain sale. Council and staff said there are no immediate development plans and the purchase will not raise local taxes.
Canyon Lake — The Canyon Lake City Council voted unanimously to authorize staff to negotiate and execute a purchase-and-sale agreement to acquire roughly 34.99 acres known as Goat Hill (also called Getz Hill) from the Martin Family Trust in what staff described as a "bargain sale." City Manager Aaron Brown told the council the parcel is valued at about $3 million and the city would pay $1,500,000 in cash, with the remaining value counted as the bargain-sale portion.
City Manager Aaron Brown said there are "no immediate plans whatsoever" for the property and that the city would likely hold the land in its portfolio while council…
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