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Marietta council unanimously approves purchase of 1033 Franklin Gateway from IKEA
Summary
The Marietta City Council unanimously approved a purchase-and-sale agreement to acquire 1033 Franklin Gateway from IKEA Property Inc., including two tracts totaling about 35.2683 acres; the council authorized city officials to execute the agreement and complete closing.
Marietta’s City Council on Wednesday voted unanimously to buy the property at 1033 Franklin Gateway from IKEA Property Inc., approving a purchase-and-sale agreement and authorizing city officials to complete the transaction.
The council’s special meeting opened with the mayor saying IKEA had "given us, basically, you know, a shot at it," and that buying the site would allow the city to "control their destiny better by buying this." The councilwoman from Ward 1 moved to approve the purchase-and-sale agreement and to "authorize the Mayor to execute same and to authorize the Mayor, the…
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