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Fiscal court approves potential purchase and due diligence plan for 2494 Lexington Road; assigns possible transfer to regional authority
Summary
Madison County approved a resolution authorizing purchase contingencies and due diligence for the Car Acres parcel at 2494 Lexington Road and awarded due-diligence services to a consulting team; the court discussed next steps for site readiness and potential funding.
Madison County Fiscal Court approved a resolution on May 13 authorizing the county to enter a purchase agreement, conduct due diligence and potentially assign the agreement for 2494 Lexington Road (the Car Acres property) to the Central Kentucky Business Park Authority, subject to contingencies including acceptable due diligence, available funding and rezoning approval.
Jill presented the resolution and said the county will proceed with customary due…
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