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County signs letter of intent with Project Mustang for Cherry Glen Lot 3B sale and development; authorizes studies and MOU with Industrial Development Board
Summary
The commission approved a letter of intent to sell Lot 3B in Cherry Glen to Project Mustang for $1,275,000, authorized surveys and geotechnical studies and approved an MOU directing net sale proceeds toward Innovation Park obligations and Cherry Glen improvements.
The Maury County Commission on June 25 approved a letter of intent with Project Mustang for the purchase of Lot 3B in Cherry Glen at a purchase price of $1,275,000, granted a right of first refusal for Lot 3C, and authorized the mayor and county attorney to sign access agreements to allow survey and geotechnical work. The commission also approved a memorandum of understanding with…
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