Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Disposition topic
No spam. Unsubscribe anytime.
Russell County approves partial release of IDA purchase option to allow sale of drag strip
Summary
County officials authorized a partial release of an Industrial Development Authority option so the IDA can sell a drag strip parcel; the motion was made by the Master of Arms and seconded by Magistrate Richardson and passed by voice vote.
Russell County officials voted March 20 to approve a partial release of an option-to-purchase that the county previously granted to the IDA, allowing the IDA to sell a parcel commonly described during the meeting as the county's drag strip.
At the meeting, an official explained the IDA had been given an option to purchase the land — a mechanism that had previously helped place the sports complex site in local hands — and the partial release would permit the IDA to sell the drag strip portion. "We all signed off on it to the those cities in the county," a presiding official said when describing the prior agreement.
The motion to allow the presiding official to sign the partial release was made by the Master of Arms and seconded by Magistrate Richardson. The court approved the motion by voice vote after a call for those "in favor" produced "aye" responses. The transcript does not record a roll-call vote or the sale price or purchaser.
The county did not provide details in the recorded discussion about the buyer, the sale price, or any covenants tied to the partial release; those details may appear in the written release or IDA records.
