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Council backs selling two town parcels; members propose open-space fund from proceeds
Summary
Council approved two resolutions to sell roughly 290 acres ("Kilometers North" and "Kilometers South") to private buyers with staggered payment timelines. Council members suggested directing a share of proceeds into an open-space acquisition reserve and using county open-space receipts toward that fund.
Councilors unanimously approved two resolutions authorizing contracts to sell two town-owned tracts identified in the packet as Kilometers South (about 140 acres, purchase price $2.5 million) and Kilometers North (about 150 acres, purchase price $2.7 million).
Director Robinson summarized the contracts and timelines; the North parcel sale includes staged, nonrefundable payments and optional monthly extension payments the council confirmed as $50,000 per month. Robinson said both contracts and background materials are available in the meeting packet.
Several council members said proceeds from the sales should seed an open-space acquisition fund. One council member proposed directing 40% of any land-sale proceeds into such a reserve and allocating $100,000 of the county open-space receipts annually toward acquisitions. Staff said a forthcoming open-space master-plan effort will help define acquisition targets and timing.
What’s next: the sales were approved and staff will bring additional recommendations on an open-space funding strategy and how to direct sale proceeds or county receipts into a reserve.
