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Commissioners Brown, Hovis & Keigher - Public Works - To Authorize the Purchase of Properties Located on Broad Street, Gastonia (PID’s 104360, 104361, 104362), and Authorize Fund Balance Transfers for the Total Purchase Price ($1,000,000) and the Estimated Closing Costs ($10,000)
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STAFF CONTACT
Dan Ziehm, PE - Public Works Director - 704-862-6795
BUDGET IMPACT
budget
Appropriate $1,010,000 from CIF fund Balance and transfer it to the Capital Improvements MYF where it is being appropriated into the Land expense account.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
St. Peters Tabernacle AME Zion Church has agreed to sell a total of 7.53 acres (no assigned address) on Broad Street, Gastonia, to include parcels 104360 (3.11 acres), 104361 (1.46 acres), and 104362 (2.96 acres), to Gaston County for a total purchase price of $1,000,000. Approval of this Board Action authorizes the County Attorney to draft any 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 necessary closing costs.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)