Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Committee recommends $26,099-per-acre price, covenants for Red Bud Business Park
Summary
The economic development committee recommended a per‑acre price of about $26,099 for lots in the Red Bud Business Park, proposed 10–20% premiums for three highway‑frontage lots and suggested the city adopt covenants covering brick, paving and build‑start deadlines; no council action was taken at the meeting.
The Red Bud City Council received a recommendation from its economic development committee to price lots in the Red Bud Business Park at approximately $26,099 per acre and to list three highway‑frontage parcels at a 10–20% premium.
A committee member said the figure "with everything calculated in is 26,000 and then I and $99 per acre," which the committee summarized as $26,099 per acre for pricing purposes. The committee recommended using this cost‑approach for all lot sales and suggested the city adopt covenants for future lots — items such as required brick facades, minimum square footage, paved parking and time limits for starting construction.
Planning staff and council members discussed site maintenance and grading: one council member asked about weeds and whether the site would be serviced before surveys; planning staff said final grading would follow pouring of concrete roads and that dozers would complete final grading prior to seeding and landscaping.
No formal council vote or sale was taken at the meeting; the recommendation will return to council for further consideration and possible inclusion of formal covenants and sale terms.
