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Marshall board OKs transfer of 400 Watson to Albion EDC to pursue attainable housing
Summary
Marshall Public Schools approved an agreement to transfer district-owned property at 400 Watson to the Albion Economic Development Corporation for $1 so the EDC can pursue grants and develop attainable single-family housing; board members asked about timeline and price-reduction details tied to grant funding.
Marshall — The Marshall Public Schools Board of Education on May 19 approved an agreement to transfer district-owned property at 400 Watson to the Albion Economic Development Corporation (EDC) for $1 so the EDC can pursue pre-development work and housing construction aimed at creating attainable single-family homes.
Under the agreement the buyer will assume responsibility for environmental studies, surveying, zoning changes and other pre-development tasks; administration said the buyer plans to subdivide the parcel into residential lots for a pre-approved developer. "The proposed agreement transfers the property to the Albion Economic Development Corporation for a dollar with the buyer assuming responsibility for all pre development…
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