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Land Board grants preliminary approval to 4b Properties LLC exchange
Summary
The board gave preliminary approval to a DNRC‑proposed land exchange involving roughly 600 acres of state trust land for 480 acres of private land submitted by 4b Properties LLC; DNRC said the proposal meets several exchange criteria though not equal acreage, and preliminary approval allows execution of a nonbinding agreement.
The Land Board granted preliminary approval to a land exchange proposal from 4b Properties LLC under agenda item 1124‑3. DNRC staff said the proposal would swap about 600 acres of state trust land for roughly 480 acres of private land in McComb County and that, while acreage was not equal, policy allows exchanges where income, appreciation potential or increased public access compensate for unequal acres.
Director Castor told the board the exchange met four of seven policy criteria, including potential for equal or greater income to the trust and increased public access. The preliminary approval allows DNRC to execute a nonbinding agreement and continue due diligence; no public comment was recorded and the board moved to approve the preliminary exchange.
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