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Council authorizes administrator to negotiate amendment to Justice Square purchase agreement
Summary
The Beaufort County caucus unanimously authorized the county administrator to negotiate terms for a second amendment to the Justice Square purchase-and-sale agreement for King Street and Wilmington Street properties and to approve assignment of the PSA to an identified assignee if satisfactory terms are reached.
At its March 23 caucus, the Beaufort County council unanimously authorized the county administrator to negotiate terms related to a second amendment to the purchase-and-sale agreement (PSA) with Justice Square Associates for King Street and Wilmington Street properties.
A council member moved that the county administrator be authorized to negotiate terms for a second amendment to the PSA dated 02/16/2024 (and the amendment dated 12/17/2024). The motion also authorized the administrator to approve the assignment of the PSA from Justice Square Associates to an identified assignee, if satisfactory terms are agreed upon. The motion was seconded and approved unanimously.
The motion does not record the negotiated terms; it grants the administrator authority to pursue and, if acceptable, approve the changes and a potential assignment. During the public caucus the transcript records that the proposed assignee’s name in the motion was partially redacted or unintelligible in the record (rendered in the transcript as "mister **** Sewer Stewart"). The council did not provide additional public details about the proposed assignee or specific terms during the caucus.
Next steps include county staff negotiating the amendment and returning to the council or executing the assignment under the delegated authority if the administrator determines terms are satisfactory. The caucus adjourned and the regular meeting was scheduled to start at 6:00 p.m.
