Contract for Sale and Purchase of Real Estate With William Donald and Connie Vincent for Property Located on Cobb Road
|Department:||Department of Public Works||Sponsors:|
Funding for the Cobb Road land acquisition in amount of $460,000.00 for the purpose of DPW material storage and processing is budgeted in the Local Option Gas Tax 1-6 Fuel account 1017-03231-5606101.
Attached is a contract for the purchase and sale of approximately 50.2 acres of property located off Cobb Rd. The Department of Public Works is in need of a millings processing and fill storage area to continue its maintenance mandate to upgrade County-maintained limerock roads to milled roads. Due to the shortage of millings supply, the Department must store and purchase millings wherever possible and process those millings to meet standard for road application. This process is industrial in nature and requires property properly zoned for such an operation. The proposed land purchase meets this requirement and is reasonably priced at $460,000 which is the price the current owner paid originally. The property has access to an active railroad line which will expand area of potential millings purchases. $140,000 has been budgeted to develop these parcels accordingly.
|MOVER:||Steve Champion, Vice Chairman|
|SECONDER:||Jeff Holcomb, Commissioner|
|AYES:||Wayne Dukes, Steve Champion, John Allocco, Jeff Holcomb, Nicholas W. Nicholson|