KICA, Kiawah Partners and Conservancy Finalize Parcel Trade Agreement

Posted In Community

On Thursday, Dec. 7, representatives from KICA, Kiawah Partners (KP) and the Kiawah Conservancy officially signed and executed the Parcel Trade Agreement. The agreement was approved by vote of the membership in September, with 87% of the voters supporting the trade.

Representatives from KICA, KP and the Conservancy Signed the Parcel Trade Agreement on Dec. 7, 2017.

“We would like to thank everyone who helped make this trade a reality,” said KICA COO Jimmy Bailey. “This agreement is not just beneficial to KICA, but to the entire Kiawah community.”

Part of the agreement included KP granting the Kiawah Conservancy a favorable purchase option on a 6.2-acre parcel directly across from Kiawah Island Real Estate that has zoning and development rights for 19 units. As was announced by the Conservancy earlier today (view full announcement), they have officially raised enough funds to purchase the land.

“We would like to congratulate the Conservancy and the community for raising the necessary funds to protect this parcel of land,” said Bailey. “This transaction, along with the two parcels acquired by KICA through the vote, will help protect the entrance to our island in perpetuity.”

For more details and background on the Parcel Trade agreement, visit kica.us/parceltrade.