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Akron committee backs sale of city parcel to FleetFast for $111,750
Summary
The planning committee recommended selling a portion of city-owned property (Summit County parcel 6764372) to FF Reserve LLC d/b/a Fleet Fast to expand its operations. Staff described the buyer's local history and said the sale price will bring $111,750 to the city.
The Planning Committee recommended approval of an ordinance to dispose of a portion of city-owned property (Summit County parcel number 6764372) to FF Reserve LLC doing business as Fleet Fast, with the city to receive $111,750 in revenue.
City staff described FleetFast as a long-running, family-owned business led by president Raj Basran that expanded from a small auto and truck body shop into a commercial vehicle repair facility serving fleet customers in Northeast Ohio. Staff said Basran grew up near the business location and has invested in the existing site at 1535 Eagle Street, and that the company plans to acquire the adjacent parcel to add a retail parts facility, e-commerce capability and additional parking.
Staff confirmed the sale would be made at the typical price for a city-owned parcel, producing $111,750 in revenue for the city. Committee members moved the item on the consent agenda and voted to advance the ordinance.
No members of the public spoke against the land disposition during the committee discussion recorded in the transcript.
