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Rexburg council OKs sale of city parcel at 1256 North 2nd East, accepts $822,400 bid with 36‑month development clause
Summary
The Rexburg City Council declared intent to sell and approved bid STRO7‑24 to sell a 0.95‑acre property at 1256 North 2nd East, accepting a top bid discussed as $822,400. The sale includes a 36‑month 'sunset' clause requiring construction to begin or the city may repurchase at the original price.
The Rexburg City Council voted unanimously on Nov. 20 to declare its intent to sell city‑owned property at 1256 North 2nd East and to approve bid STRO7‑24, staff said.
At a public hearing under Idaho Code 50‑1402, city staff described the parcel as approximately 0.95 acres acquired with street funds to allow Second East widening and to provide a future path. Staff said the parcel includes a salvaged shop structure that will…
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