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Burns Harbor council asked to authorize MOU for Westport site with Harbor Point LLC
Summary
The redevelopment commission approved a memorandum of understanding with a developer for the 28-acre Westport site and asked the town council to authorize the council president to sign it so due diligence and appraisals can proceed.
The Burns Harbor Redevelopment Commission has approved a memorandum of understanding with Harbor Point LLC to explore redevelopment options for the 28-acre Westport site, and asked the Town Council to authorize the council president to sign the document so the parties can begin due diligence.
The MOU would let the redevelopment commission and the town open initial talks with the developer, solicit appraisals and begin the administrative steps required if the town later sells or transfers…
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