Redevelopment commission moves to split 4-acre Shun Pike parcel into two 2-acre lots for sale

Madison City Redevelopment Commission members reviewed a plat to divide a 4-acre site on Shun Pike into two 2-acre parcels and moved to approve the split (date not specified in the transcript).

Staff told the commission that two-acre parcels have higher market demand than the existing four-acre parcel and that the commission previously sold a two-acre parcel in the same area. The plat under consideration would provide the option to market two additional two-acre lots. A staff member identified the area on the submitted plat, noting "New Madison would be on the north top of the page and River City is at the bottom."

A commissioner asked whether the newly split parcels had already been sold; staff answered that they are for sale and that the sale would follow public notice procedures similar to prior sales. Public commenter Sandy Palmer asked whether the $300,000 PACE disbursement had been approved by the commission or by City Council; staff clarified the parcels are for sale and said public notice will occur in the usual manner.

At the meeting’s close, a motion related to the plat was moved and recorded as "So moved"; the transcript does not include the mover, seconder or a roll-call tally. The staff member presenting the plat indicated it covers land between River City and New Madison and that the change creates marketable two-acre parcels.

The transcript does not provide a purchase price, buyer names, or an adopted sales contract; staff said public notice will follow the usual process for offering the parcels for sale.