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Commission OKs due-diligence funding for tax collector's proposed TD Bank building purchase
Summary
Columbia County commissioners authorized the tax collector to pursue due diligence on a proposed purchase of the former TD Bank building, approving up to $50,000 toward inspections and closing costs while the tax collector pursues financing and contract steps.
Columbia County commissioners voted to allow the tax collector to enter a 30-day due-diligence period for a proposed purchase of the former TD Bank building and approved up to $50,000 to cover inspections and closing costs.
The proposal, presented by Kyle (the tax collector), described a three-step process: a letter of intent/purchase-and-sale, a 30-day due-diligence window for inspections and contractor quotes, and a later final approval vote to complete the purchase. The stated purchase price is $800,000; county…
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