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Erie sells small town parcel, buys Lafayette site for new water storage tank; officials say move boosts capacity and fire flows
Summary
Council approved selling a small town parcel to Thibault/TEBO Properties for $700,000 to enable mixed‑use development and simultaneously authorized purchase of a Lafayette parcel for a water storage tank; utilities staff say the new tank will substantially increase storage and improve fire‑flow performance.
Erie Town Council on March 27 approved two linked land transactions intended to advance a mixed‑use development and to secure a critical water‑storage site for the town.
Deputy Town Manager Patrick Hammer summarized the agreements: the town will sell about a 3‑acre parcel (Prince Reservoir No. 2 / "Little Prince Lake") to Thibault/TEBO Properties for $700,000 to enable the private mixed‑use project to proceed. In a coordinated transaction, the town will purchase a triangular site from the City of Lafayette for use as a water storage tank site; the purchase price referenced in the meeting materials was…
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