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Cannon Beach approves Holland Hill purchase agreement and explores state grant to help fund it
Summary
The council approved a revised purchase‑and‑sale agreement for the Holland family property, adding a one‑time, 90‑day extension for closing to accommodate fundraising. Volunteers proposed applying for an LGGP grant (up to $1 million) to help close the funding gap; council asked staff for an MOU and more detail on match and timing.
The Cannon Beach council voted to approve a purchase‑and‑sale agreement with the Holland family trust for the property known as Holland Hill (8 Stack Hill), after clarifying due‑diligence and closing timelines.
Councilors and attorneys identified a potential contract discrepancy between the stated closing date and the buyer’s due‑diligence period. To resolve that timing concern and to give the city additional runway for fundraising, the council amended the agreement at the meeting to allow a one‑time extension of the closing date of up to 90 days and then approved the amended agreement.
Volunteers and community advocates then briefed the council on a possible application to the Oregon Local Government Grant Program (LGGP) to help fund the acquisition. The application could seek up to $1 million; LGGP requires a 20 percent match. Presenters said the match could come from private donors and community fundraising; the grant review and award timetable (presentations for large awards and award notifications) would likely fall several months after application, meaning award checks would arrive well past the current closing date. Presenters and staff agreed the city should prepare an MOU and ask staff to review grant obligations before committing the city as the applicant.
What’s next: Council approved the amended purchase agreement and directed staff to work with the Holland family, the proposed fiscal sponsor and potential donors on a synchronized fundraising and closing plan, and to return with an MOU or grant‑application packet for council review before submission.
