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Committee told CRA transfer to buyer will require council action amid pending property sale
Summary
Committee members were briefed on a prospective sale of property in the Carter Drive area and told that transferring a Community Reinvestment Area (CRA) agreement to a new owner requires City Council approval; staff said an ordinance will be placed on the next council agenda if details are finalized.
Members of the Galion City Council Economic Development and Airport Committee were briefed on a prospective property sale in the Carter Drive area and told that an existing Community Reinvestment Area (CRA) agreement would require formal City Council action to transfer to a new owner.
Committee members were told the city received inquiries from a bank and then notice that the current property owner is in the process of selling the land; the potential purchaser was generally described in the meeting as an out-of-state…
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