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Finance committee accepts sole bid from Sweets & Geeks for city-owned parcel at 410 East Smith Road
Summary
City staff presented the history of a city-owned industrial parcel at 410 East Smith Road and the finance committee approved accepting the lone bid — reported at $355,000 — from Bradley Hoisington, owner of Sweets & Geeks.
The Medina City Council finance committee voted to accept a single competitive bid to purchase city-owned land at 410 East Smith Road.
Andrew summarized the parcel’s background: the city bought the property in 2012 for $95,000 plus $70,000 in a land donation, and the site has since been used for storage and experienced fire damage. He said the site faces development constraints — including a creek that bisects it, nearby railroad tracks, a power station and limited public utilities — which have made residential redevelopment difficult.
Andrew told the committee the city authorized a competitive sale and received one bid, which he described in the meeting as $355,000 from Bradley Hoisington of Sweets & Geeks, the adjacent business. (The meeting record includes an extra cent in the same phrase; staff packet or sale documents should be consulted for the precise bid figure.) The committee moved and seconded acceptance of the bid and the motion carried.
Why it matters: accepting the bid allows the property to transfer to an adjacent business that expects to use the land for expansion; staff framed the sale as a step toward local economic development while acknowledging site limitations that precluded residential options.
Next steps: staff will proceed with the sale process and closing in accord with recorded agreement and any municipal requirements.
(Transcript excerpts: Andrew provided site history and introduced the lone bid.)
