Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate topic
No spam. Unsubscribe anytime.
Board approves sale of 8.48 acres at Industrial Park to DLH Real Estate LLC for $370,000
Summary
After closed session, the board approved the sale of an 8.48‑acre Industrial Park parcel to DLH Real Estate LLC for $370,000, with the buyer assuming responsibility for removing 14,000–18,000 cubic yards of stockpiled dirt as part of the transaction.
Following a closed executive session, the Economic Development Board disclosed a real‑property action and approved the sale of an 8.48‑acre parcel at the Industrial Park to DLH Real Estate LLC.
Staff described the parcel as roughly 8.5 acres located across Gateway Drive from an AEP property and said the proposed purchase price was $370,000 total (about $43,600 per acre), which staff noted was slightly below the low end of appraised values. The buyer agreed to accept between 14,000 and 18,000 cubic yards of dirt stockpiled on the site and to assume responsibility for removing that material as part of closing.
A motion to approve the sale passed in open session; staff was instructed to finalize the sale contract and include the dirt removal terms in the development agreement.
