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Council remands incomplete reimbursement agreement for proposed BLM land exchange to staff
Summary
Staff told council a proposed reimbursement agreement with GWC/Clyde Capital LLC for an application to exchange roughly 1,640 + 278 acres of BLM foothill land to the City of Eagle was not ready; council remanded the item to staff to prepare a complete draft and return.
Staff told the council that the reimbursement agreement for an RNPP application to the Bureau of Land Management (BLM) — a proposed exchange involving roughly 1,640 acres plus an additional ~278 acres in the foothills — was incomplete and should be remanded to staff. The proposed agreement would have been between the city and GWC Capital (AKA Clyde Capital Group LLC).
City staff asked council to remand the application so the city attorney and staff could finish the reimbursement agreement language; council agreed and voted to remand the item to staff for a future agenda. Council members noted the long-running nature of the contemplated exchange and the opportunity to protect the foothill property if the agreement is finalized.
