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Council moves to closed session to discuss revised land-transfer agreement with MLM Holdings LLC
Summary
Council discussed a revised land-transfer agreement for about 4.65 acres with MLM Holdings LLC (Michael Mays), including added protections (DBAT as party, reversionary deed and loan subordination). The council recessed into a closed session under Utah Code Annotated 52-4-205 to discuss real property and development strategy.
The Herriman City Council temporarily recessed into a closed session Sept. 10 to discuss a revised land-transfer agreement with MLM Holdings LLC and developer Michael Mays.
Todd, representing city staff, outlined the updated agreement for roughly 4.65 acres the city had earlier agreed to deed in exchange for construction of public improvements and an indoor baseball facility. "Previously, we had a business owner here in Herriman, Michael Mays, approach the…
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