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Mount Holly council directs negotiation with RTR Property Management for 131 South Main
Summary
After reviewing three proposals for 131 South Main Street, the Mount Holly City Council voted to direct staff to negotiate terms with RTR Property Management, citing local reinvestment, mixed-use plans and preservation commitments despite objections about lost upfront proceeds from a prior upset bid.
The Mount Holly City Council voted to direct staff to negotiate a development agreement with RTR Property Management for 131 South Main Street after a staff review committee rated RTR highest among three proposals, City Manager Blanton said.
The decision follows a months‑long process under N.C. law involving an earlier upset‑bid sequence and a later request for proposals (RFP). Blanton told the council the RFP process was intended to give the city flexibility to evaluate proposals based on factors beyond price, including alignment with long‑term planning goals and job creation.
The motion to authorize negotiations was made by Councilman Meadows and seconded by Councilman Huff. The vote was 3 in favor, 2 opposed; Meadows, Councilman Craig and Huff voted yes, Councilwoman Harris and Councilman Reeves voted no.
Blanton summarized the RFP record: the city initially declined to sell the property under the upset‑bid process governed by North Carolina General Statute 160A‑279, accepted a bid of $762,500 from a Charlotte group (referred to in staff…
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