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Council approves $420,000 purchase of Gresham property in Cedar Valley
Summary
After returning from executive session, the council added and approved item M to acquire the Gresham property in Cedar Valley for $420,000 plus reasonable moving reimbursements and mortgage interest rate differential; vote was 4–0.
The Holly Springs City Council approved acquisition of the Gresham property in Cedar Valley Dec. 4, authorizing payment of $420,000 plus reasonable moving reimbursements and a mortgage interest rate differential. The item was added to the agenda after the council returned from executive session and was approved by voice vote, 4–0.
Council discussion on the public record was brief; the motion to add the item to the agenda and the subsequent motion to approve the purchase were both approved by a unanimous vote. Staff did not present additional funding details during the public session.
