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Public Hearing - RE: Commissioner Fraley - County Attorney/EDC - To Authorize the Purchase of Approximately 93 Acres in the Cherryville Township from the Beam Trust and M’Shel Bowen for $6,000 per Acre, Subject to Survey - Beam Industrial Park
1. Receive Citizen Comment
2. Accept Motion to Approve
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STAFF CONTACT
Charles Moore - County Attorney
BUDGET IMPACT
budget
Transfer funds from Economic Development capital reserves in the approximate amount of $575,000, to project account.
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BUDGET ORDINANCE IMPACT
No impact.
BACKGROUND
The Economic Development Commission has been working for several years to study the potential for development of a business park in Cherryville. After extensive study of this site, the parties have agreed to an option to purchase contingent on the due diligence testing for the site.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request and Option to Purchase Agreement