Nelson County board ratifies pre‑auction purchase of roughly 683 acres in Lovingston

Nelson County supervisors ratified a pre‑auction purchase contract on June 2 for approximately 683 acres in Lovingston, approving a total purchase price of $8,925,000 that includes a 5% buyer premium.

Staff read resolution R2026‑50, which recounted that a pre‑auction offer of $8.5 million had been submitted and accepted and that the required 10% deposit of $892,500 had been made. The purchase agreement covers tax parcels 67‑A‑37 and 67‑A‑39B; the resolution directs the county administrator and county attorney to proceed toward settlement.

Board debate: supervisors voiced differing views on whether county government should hold development property. Some argued the acquisition is a once‑in‑a‑generation opportunity that can enable economic development, water and sewer expansion, recreation and job creation; others cautioned against government participation in development and urged a timebound disposition plan. One supervisor urged a five‑year plan to liquidate the asset if it does not deliver specified benefits.

Action taken: A motion and second to approve resolution R2026‑50 passed by roll‑call vote as recorded in the meeting transcript; staff will proceed with settlement steps per the contract. The purchase contract includes a forfeiture clause that would allow the escrow agent to distribute the 10% deposit ($892,500) to the seller and auctioneer if the purchaser defaults.

What’s next: staff and the board will begin planning next steps for the parcel, including potential study of timber value, recreation planning and water/sewer needs; board members suggested either a work session or a committee to develop priorities for the property.