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Commission votes to advance Bank of America building purchase to permitting and design phase
Summary
After debate over cost and renovation estimates, the county commission voted 20–1 to move the amended purchase agreement for 120 East Main St. into the permitting/design phase, reducing the price to $8 million and increasing earnest deposits.
The Rutherford County Board of Commissioners voted on Dec. 11 to advance an amended real estate purchase agreement for the property at 120 East Main Street (the Bank of America building) into the permitting and design phase.
Budget and finance committee materials read into the record summarize a prior Aug. 14 resolution authorizing the purchase agreement with Mac 3 Properties LLC and describe an amendment that reduces the purchase price from $9,200,000 to $8,000,000 and increases…
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