FACILITIESPENDING

City of Reedsport AgendaPacket City Council Meeting 2026-06-01

Reedsport Plans $1.8M Clear Lake Land Purchase

$1,800,000 purchase price (offset by $895,000 OWEB grant, $905,000 CWRF loan, and $500,000 Emergent Contaminant Credit; final loan amount $202,500)City of ReedsportFIA TIMBER GROWTH & VALUE MASTER LLCJune 1, 2026

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Description

The City of Reedsport plans to enter a purchase and sale agreement with FIA Timber Growth and Value Master, LLC to acquire about 282 acres in the Clear Lake watershed for $1.8 million. Grants and loan credits will reduce the City’s final loan obligation to approximately $202,500.

Contract Details

Contract Amount

$1,800,000 purchase price (offset by $895,000 OWEB grant, $905,000 CWRF loan, and $500,000 Emergent Contaminant Credit; final loan amount $202,500)

Vendor

FIA TIMBER GROWTH & VALUE MASTER LLC

Agency

City of Reedsport, OR

Contract Type

FACILITIES

Document Date

June 1, 2026

Renewal Info

Single land purchase transaction; no renewal terms applicable.

Issuing Agency