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Authority amends sale terms for Acoustical Sheet Metal after reservation removal would increase usable acreage
Summary
Staff told the board that removing a Southeastern Parkway reservation would increase Acoustical Sheet Metal's usable acreage from 17.4 to 18.6 acres and raise the purchase price from $2.5M to $2.7M; the board approved amended sales terms in anticipation of planning commission and council actions to amend the reservation.
The Development Authority approved revised sales terms for Acoustical Sheet Metal's planned expansion after staff explained how removing a Southeastern Parkway reservation would increase usable acreage and change the purchase price.
Natalie Yumes and Emily Archer explained that the company's proposed 21‑acre parcel in Innovation Park had been reduced to 17.4 usable acres because of a Southeastern…
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