Belle Fourche transfers lots to BFDC

The Belle Fourche City Council Monday approved transferring two lots in the Belle Fourche Industrial & Rail Park to the Belle Fourche Development Corporation. Pioneer file photo

Click to purchase this photo

BELLE FOURCHE –– The Belle Fourche City Council Monday approved the transfer of two lots to the Belle Fourche Development Corporation.

The council unanimously approved BFDC’s request to transfer Lot 2 and the remainder of Block 4, barring Lot 3, of the Busfield Addition #3 in the Belle Fourche Industrial and Rail Park. Councilmember Annie Reich was absent from Monday’s meeting.

When Councilman Randy Sowers inquired about whether the action was planned, Kellen Willert, one of the city’s attorneys, stepped up to bring the council up to date.

“My recollection is that the city has an agreement with (BFDC) where, essentially we’re (the city is) holding most of that land,” he said. “And then, when (BFDC) thinks they’re close to finding a purchaser, they’ll ask us to transfer that to them so they can finish (the deal).”

According to the agreement between the city and BFDC, on Nov. 4, 2008, four months after the land was purchased, and in the name of economic development, BFDC and the city conveyed the property, essentially declaring the city the deedholder of the property for tax purposes.

The Pioneer Tuesday reached out to Hollie Stalder, BFDC executive director, who declined to share more information about the property’s intent, citing client confidentiality.

To read all of today's stories, Click here or call 642-2761 to subscribe to our e-edition or home delivery.


(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.