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Cookeville council authorizes steps to enforce repurchase clause for undeveloped parcels in Highlands Business Park
Summary
Council authorized staff to enforce Article 9 of the Highlands Business Park covenants to repurchase three undeveloped parcels sold more than a year ago, and to seek partial reimbursement from Putnam County where applicable.
Cookeville — The Cookeville City Council on May 1 authorized staff to take necessary steps to enforce Article 9 of the Highlands Business Park covenants to repurchase parcels sold but not developed and to seek partial reimbursement from Putnam County.
Mister Mills, a city staff member, explained that the covenants for the Highlands Business Park give the developer—identified in the covenants as the city and the county—the right to repurchase lots if construction has…
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