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Madison County discusses challenges selling county property because of longstanding tenant noncompete
Summary
Commissioners said a multiyear lease containing noncompete terms with an existing tenant (referred to as TFC) has repeatedly blocked offers on county outlots; staff said relisting and allowing buyer due diligence is a possible next step.
Commissioners spent a sustained portion of the Jan. 6 meeting discussing county-owned property that the board has tried to market and sell. Commissioners said a long-standing lease with a tenant they identified as TFC includes a noncompete clause that has deterred buyers and repeatedly forced legal work.
"Their contract is so solid... they have a noncompetitive clause," one county official said, describing a lease that limits certain types of businesses and discourages prospective buyers. Board members said past attempts to work through TFC's…
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