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Cold Water approves sale of nine Wallace Lane lots to two developers amid public concerns
Summary
Council voted to sell nine Wallace Lane lots — four to Alliance Homebuilders and five to Greenfield Development (identified by commenters as Allen Edwin Homes) — at $20,000 per lot; residents questioned whether lots were made available to the public and raised affordability concerns.
The Cold Water City Council on March 9 approved two purchase agreements to sell nine developer‑ready lots on Wallace Lane in the Western Meadows subdivision.
Staff said the city issued an RFP and received two proposals. Council approved sale of four north‑side lots to Alliance Homebuilders for $20,000 each (agreement 26‑01; resolution 26‑05) and sale of the five remaining lots to…
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