[CPEO-BIF] Former Atlas mill site, Coeur d’Alene, Idaho

[Lenny Siegel <lsiegel@cpeo.org>]

CITY BUYS $7.8 MILLION PROPERTY; NO WARRANTY

By RALPH BARTHOLDT 
Coeur d'Alene Press (ID)
September 21, 2017 


COEUR d’ALENE - The city of Coeur d’Alene is officially on the hook to buy the former Atlas mill site.

The city and Bad Axe LLC, the owner of the property, agreed Wednesday to postpone the closing date by five months, locking in the city to purchase of the land that includes a half-mile of river frontage west of Riverstone.

According to the latest addendum to the original purchase and sale agreement, the city has agreed to purchase of the 47-acre property for $7.85 million with a May 16 closing date. The city turned over its earnest money to the seller.

The city accepts the property as is, without a warranty, according to the agreement that frees Bad Axe of any liability associated with the brownfield


…

For the entire article, see
http://www.cdapress.com/article/20170921/ARTICLE/170929943

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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