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Mount Airy approves purchase of GreenTree parcel and adopts municipal bond for police station
Summary
The Mount Airy Town Council approved a purchase-and-sale agreement for a portion of the GreenTree property and adopted Ordinance 2025-2, authorizing a municipal bond to finance land acquisition, design, engineering and construction of a new Mount Airy Police Station.
Mount Airy’s town council voted on April 7 to buy a portion of the GreenTree development and to adopt a municipal bond ordinance to fund a new police station.
The council approved a purchase-and-sale agreement for the parcel at a purchase price of $975,000 and subsequently adopted Ordinance 2025-2, a municipal bond issuance that will underwrite the land acquisition and the station’s design, engineering and construction. The purchase price is below a cited appraisal of about $1.3 million.
Council President Waseca moved to approve the purchase-and-sale agreement and the motion carried after public comment and discussion. The agreement calls for a staged payment schedule: a deposit of $97,500, a closing payment (listed in the agreement…
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