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Commissioners approve 12‑month extension and $25,000 escrow on 280‑acre Endeavor housing purchase
Summary
Jackson County commissioners voted to grant a 12‑month extension to the buyer of the 280‑acre Endeavor site on Hoosa Road and required an additional $25,000 earnest deposit; the board debated a six‑month alternative before approving the amendment by voice/hand vote.
Jackson County commissioners voted to grant a 12‑month extension to the purchase agreement for the 280‑acre Endeavor housing site on Hoosa Road and required the buyer to add $25,000 in earnest money to the county escrow account.
Staff described the item as the fifth amendment to the agreement for the property, which had an original purchase price of $837,000 and is now owned by another company identified in the meeting as Lennar. "So the short version of this amendment is it's the fifth amendment...they really put an additional $25,000 into the escrow account," staff…
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