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Keizer council authorizes nonbinding letter of intent for sale of Keizer Station Area C1
Summary
Council authorized the city manager to sign a nonbinding letter of intent for sale of roughly 3.58 acres in Keizer Station to a developer (US Market) at a reported total price of $4.6 million; Keizer’s share of proceeds is about $2.3 million and staff stressed the land‑use master planning and quasi‑judicial review will follow.
Keizer — The Keizer City Council on Feb. 17 voted to authorize the city manager to sign a nonbinding letter of intent (LOI) with a developer identified in the meeting as US Market for multiple lots in Keizer Station Area C‑1.
City staff said the parcels in question form the larger triangle bounded by Lockhaven, Chemawa and McCloud and total 3.58 acres. Staff stated a reported selling price of $4.6 million for…
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