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Commission approves sale of two Cedar Highlands parcels, proceeds to Corridor Preservation Fund
Summary
Commission approved disposal of two Cedar Highlands parcels for a combined $160,000, with proceeds earmarked for the Corridor Preservation Fund; staff noted the parcels had been acquired when the town dissolved and market offers led to negotiated sale terms.
The Iron County Commission approved the sale of two Cedar Highlands parcels Nov. 24 for $80,000 each, totaling $160,000, to be deposited into the Corridor Preservation Fund. Staff reported the properties were acquired after the dissolution of the town of Cedar Highlands and had previously been appraised higher; market experience and negotiated offers produced the current sale terms. The commission held a required public hearing (no speakers) and moved to approve the sale and related closing arrangements; commissioners also confirmed that existing earnest money already received will be returned to the Corridor Preservation Fund.
