title
Commissioners Brown, Hovis & Keigher - Public Works - To Authorize the Purchase of Property Located at 699 Reverse Curv, Gastonia (PID 104363), and Authorize Fund Balance Transfers for the Total Purchase Price ($250,000) and the Estimated Closing Costs ($10,000)
body
STAFF CONTACT
Dan Ziehm, PE - Public Works - 704-862-6795
BUDGET IMPACT
budget
Appropriate $260,000 from the CIF Fund Balance and transfer to the General Government Capital where it is being appropriated into the Land expense account. ($250,000 - Total Purchase and $10,000 - Closing Cost)
body
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Development Solutions Group, LLC has agreed to sell a total of 2.32 acres located at 699 Reverse Curv, Gastonia (PID 104363) to Gaston County for a total purchase price of $250,000. Approval of this Board Action authorizes the County Attorney to draft necessary documents for the property purchase and the County Manager, or her designee, to execute said documents on behalf of Gaston County. In addition to the purchase, approval of this Board Action authorizes the transfer of any necessary funds to cover the property purchase and any associated closing costs.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)