Cheatham County approves $2.5 million sale of Thompson Road property to Ingram Barge Company

Cheatham County commissioners approved the sale of roughly 40 acres on Thompson Road to Ingram Barge Company LLC for $2,500,000 at their Sept. 19, 2022 regular meeting. The motion was made by Commissioner David Anderson and seconded by Commissioner Mike Breedlove; the roll-call vote was 12–0 in favor.

The resolution and attached purchase-and-sale agreement identify the property as 1037 Thompson Road (Tax Map 065, Parcel 86.00) and state the county currently uses about one acre for a convenience center. The county’s documents say the property formerly housed the highway department and school district operations.

The contract requires a $250,000 earnest-money deposit and establishes an Inspection Period that runs 90 days from the effective date; the Closing Date is set for 45 days after that period unless extended by the agreement. The purchase agreement included multiple environmental provisions: the buyer may perform remediation for known environmental conditions identified in Phase I and Phase II reports provided to the buyer, and the contract creates two escrow holdbacks from the sale proceeds—a $100,000 “KEC Holdback” for remediation of known conditions and a separate $100,000 holdback for remediation of any newly discovered environmental conditions. Each holdback may be disbursed to the buyer as remediation invoices are submitted, subject to the escrow terms and time limits in the agreement.

The sale is also constrained by conditions in the agreement. The contract requires reasonable assurances from the U.S. Army Corps of Engineers that the buyer can obtain necessary shoreline permits for the purchaser’s intended use; if Corps rules affect shoreline usage, the agreement requires either a direct lease from the Corps or a lease-and-sublease structure acceptable to both parties. The county retained the one-acre convenience-center parcel outside the conveyance, and the agreement contemplates a cooperative access arrangement so the county can continue to operate the convenience center after closing; the buyer may later swap or convey property to enable an equivalent convenience- center location if the parties agree.

County Mayor Kerry McCarver and County Attorney Michael Bligh were listed as participants in the packet materials; the purchase agreement names First American Title as the title company and records other normal closing-cost allocations and title requirements. The county clerk’s office certified the roll-call result and recorded the signed resolution in the meeting minutes.

The resolution directs county officials to execute the purchase-and-sale agreement and do the paperwork necessary to complete the transfer; the minutes state the purchase contract was attached to the record. The meeting packet includes the full proposed sale agreement and related exhibits.