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Council approves purchase of former Peoples Bank property, plans to sell surplus trucks
2532544 · March 11, 2025
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Summary
Council approved buying real estate and equipment from Peoples Bank & Trust Company for about $990,250, including plans to surplus and sell some trucks to offset costs and to solicit financing.
The Newcastle City Council approved a real estate purchase agreement for a property at 1880 Northeast 16th Street from Peoples Bank & Trust Company, along with certain on-site trucks and equipment, at a council-recorded purchase price near $990,000.
Staff told the council the…
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