Riverdale approves $186,197 sale of 5.91 acres near Peacock Ridge to canal company

The Riverdale City Council on Aug. 18 approved selling about 5.91 acres of city land in the Peacock Ridge area to the Davis & Weber Counties Canal Company for $186,197. ^[1][2]

The land

The staff report describes the property as about 5.91 acres, or 257,517 square feet: all of Lot 1R of Peacock Ridge Estates plus a separate parcel. The stated purpose is to protect the steep hillside and the adjacent canal from the impacts of future development. ^[1]

The report says the area stayed undeveloped because of hillside, geotechnical, cost and canal concerns, and that the city bought the eight-lot Peacock Ridge Subdivision on Aug. 20, 2024. The subdivision was replatted into three lots. Lot 1R goes to the canal company, and the city plans to sell Lots 2R and 3R for home construction. ^[1]

The terms

Resolution 2026-33 approves the sale for $186,197. The staff report says that price includes $5,000 in earnest money, with the balance due at closing. Closing depends on due diligence, final city approval of the plat and approval by the canal company's board. ^[1]

A separate reimbursement agreement covers J-U-B Engineers' work on legal descriptions, estimated at $3,500. The canal company pays first and submits invoices; at closing the city may repay it by reducing the price or in cash. The canal company must give notice if costs are expected to exceed the estimate by more than 10%. ^[1]

The resolution says any material change to the price or to the city's obligations requires further council approval. ^[1]

The vote

Councilmember Michael Richter moved to approve and Councilmember Anne Hansen seconded. Richter, Kent Anderson, Hansen and Bart Stevens voted yes. Alan Arnold was absent. ^[2]