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Rexburg council approves purchase of 5 acres from BYU‑Idaho for neighborhood park
Summary
The council approved a purchase and sale with BYU‑Idaho that transfers five acres to the city (staff said the university will receive a $200,000 fee credit and urban renewal will reimburse the city and help develop the parcel), with initial improvements limited to grading, irrigation and tree planting.
Rexburg City Council voted Dec. 3 to approve a purchase and sale agreement with BYU‑Idaho for five acres adjacent to an existing retention pond that staff said will become part of the city’s park inventory.
CFO Matt Nielsen briefed the council, saying the Stei ner family had donated the property years earlier and that BYU‑Idaho agreed to trade five acres to the city in exchange for a $200,000 credit toward fees such as impact and building fees. "They are willing to trade us 5 acres in the…
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