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Commission hears proposal to sell 6.6-acre Industrial Park East lot; staff reports wetlands limit usable acreage
Summary
County staff briefed commissioners on a proposed sale of 6.6 acres at Montgomery County Industrial Park East to Louder Development. An appraisal set fair market value at $75,000; wetlands and building-line restrictions leave about 0.7 acres usable.
County staff presented a prospective sale of a 6.6-acre parcel at the Montgomery County Industrial Park East, reporting an independent appraisal (paid for by the prospective buyer, Louder Development) that assessed fair market value at $75,000.
Staff explained the parcel sits at the park entrance along Industrial Park Boulevard and borders Stony Brook. Of the 6.6 acres, about 3.8 acres are wetlands, 1.8 acres are within a building-line restriction and 0.3 acres are a drainage easement, leaving roughly 0.7 acres considered usable without substantial work: "Out of the 6.6 acres that's there only 0.7 acres is actually usable," a county staff member said.
Why it matters: The county currently maintains the land and has limited prospects to use it; selling the parcel could transfer maintenance responsibility and allow nearby residential development to access drainage easements needed for subdivision work. Staff said the county would include a deed stipulation prohibiting access to the parcel from Industrial Park Boulevard if the sale proceeds.
Details and conditions: Staff said the proposed buyer wants the parcel to reach a drainage easement to support a new Louder residential subdivision. The ditch that drains the industrial park was described as engineered to handle a 100-year flood; staff said a detention pond on the new subdivision "won't have any impact" on the county ditch, and the county would add a stipulation preventing access from the county-maintained road. The full appraisal (roughly 90 pages) is in the agenda packet.
Outcome and next steps: Commissioners had no objections in the information session and asked the item be placed on the next formal agenda for consideration. Staff will prepare sale documents, including the nonaccess stipulation and the appraisal, for the formal meeting.
Ending: The commission deferred formal consideration to a subsequent meeting where they will review the appraisal and proposed deed restrictions.
