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Franklin County approves sale of 0.91-acre industrial-park parcel to CalTen for $10,000
Summary
The commission approved the sale of a 0.91-acre parcel in the Franklin County Industrial Park to CalTen Investments, LLC, and authorized the county mayor to sign closing documents after reviewing an outside valuation and committee recommendation.
Franklin County commissioners approved the sale of a 0.91-acre parcel in the county's industrial park to CalTen Investments, LLC during the Aug. 29 special session and authorized County Mayor David Alexander to execute the warranty deed and closing documents.
The resolution (8SCD-0822) authorizes the county mayor to complete sale documents and the motion to approve was made by Commissioner Scottie Riddle and seconded by Commissioner Greg King; the minutes record the approval by unanimous voice vote. Commissioners referenced a market-note from a local realtor included in the finance packet that placed the one-acre parcel's likely market range at roughly $6,000 to $11,000 and recorded the buyer's agreed price of $10,000.
The deed authorization and sale are limited to the stated 0.91-acre parcel and include instruction for the county mayor to sign required closing papers. County staff prepared standard resolution language authorizing execution of the deed and other closing documents.
