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Herriman City Council pauses last-minute offer on land tied to rabbi's transfer agreement
Summary
Council members agreed to postpone consideration of a last-minute investor offer to buy a property subject to a previously approved land-transfer agreement after staff said an investor would not sign a required acknowledgment and cited a hard Wednesday deadline for the sale.
Herriman City Council on Monday agreed to continue consideration of agenda item 2.1 after members said a recent investor offer and an expedited timeline lacked critical details.
Todd, a city staff member, told the council that at its prior meeting the council approved a land transfer agreement related to property intended for development and that the agreement required investor acknowledgments. Todd said an investor declined to sign that acknowledgment after the agreement was recorded and that Ray Brown, identified in the discussion as the mortgage broker between the project partner referred to as "MLM" and an investor, asked…
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