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Board of Investments says it has executed buy/sell for land west of Laurel as state behavioral health plan advances
Summary
Montana Board of Investments Executive Director Dan Villa told the City of Laurel on Jan. 20 that BOI has executed a buy/sell agreement for roughly 114 acres west of Laurel and will seek annexation as part of a plan with DPHHS to site a 32‑bed forensic behavioral health facility funded by HB 5; the agencies said more local engagement and formal annexation steps are next.
Dan Villa, executive director of the Montana Board of Investments, told the City of Laurel at a Jan. 20 workshop that BOI has executed “a buy/sell agreement to purchase approximately 114 acres located west of Laurel along Highway 10” and will begin the formal process of seeking annexation and zoning from the city.
Villa read materials that BOI submitted with the Department of Public Health and Human Services outlining a plan approved by the state budget director that proposes a new behavioral health facility authorized by House Bill 5. The materials say HB 5 directs a transfer of $26.5 million for the project, that the site selection and facility type must be adopted by the budget director before that transfer, and that BOI…
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