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Caldwell County approves purchase of Lower Cedar Valley site for industrial development
Summary
The Caldwell County Board of Commissioners voted April 27 to buy 15.562 acres on Lower Cedar Valley Road for $525,000 using sales tax reinvestment funds, aiming to create industrial development inventory and support future manufacturing recruitment.
The Caldwell County Board of Commissioners voted unanimously April 27 to purchase a 15.562-acre parcel on Lower Cedar Valley Road for $525,000, a move county staff said is intended to create ready-to-build inventory for future industrial projects.
EDC Director Ashley Bolic told the board the county is seeking $545,000 from the Sales Tax Reinvestment Fund to cover acquisition plus required due diligence — soil testing, environmental work and closing costs — after negotiating a $525,000 purchase price. "That original request was for $552,000 expenditure and now we're at $545,000 expenditure," Bolic…
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