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Council advances sale of former mental health building for proposed $14 million apartment project
Summary
Sumter County Council granted second reading to Ordinance #22-983 to sell county properties at 205 and 215 North Magnolia Street to C&C Property Holdings, LLC; the purchaser plans low-to-moderate-income apartments and expects to invest about $14,000,000, according to the county attorney's presentation.
County Attorney Johnathan Bryan presented Ordinance #22-983 in a public hearing to authorize the sale of county-owned properties at 205 and 215 North Magnolia Street (described in the minutes as the former Mental Health Building) to C&C Property Holdings, LLC, which the minutes say intends to develop low-to-moderate-income apartments and "will invest approximately $14,000,000 into this project." The public hearing closed with no speakers for or against the proposal.
During old business the council voted to grant second reading to Ordinance #22-983; the motion was made by Councilman Artie Baker, seconded by Vice Chairman James R. Byrd, and carried unanimously according to the minutes.
The minutes record the purchaser's development intent and the investment estimate; the minutes do not include a finalized purchase price or a recorded closing date.
