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Milton authorizes sealed-bid sale of 38.921‑acre Hopewell Road parcel, council approves soil study and escrow terms
Summary
Council approved a resolution to begin a public sealed‑bid process for the 38.921‑acre Hopewell Road property, authorizing a soil study, requiring $50,000 escrow from bidders, a 90‑day bid window from legal‑ad publication, and prohibiting financing contingencies; the city attorney stated the reserve as $5,159,000,000 (described in the meeting as an appraised figure), a number council members noted was higher than the original acquisition price.
The Milton City Council on Jan. 22 approved a resolution initiating a public sealed‑bid sale of a 38.921‑acre parcel referred to as the Hopewell Road property.
City Attorney Ken Girard, presenting the resolution, said the action is the first step to dispose of the property under Georgia law and sets rules for a public sealed‑bid process. Girard said the resolution would set a reserve, require a $50,000 escrow from bidders, keep the bid window open for 90 days starting when the legal ad publishes, authorize staff to…
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