Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Acquisition topic
No spam. Unsubscribe anytime.
Chief Copeland: title search required before any Village purchase of O'Banion property on SR-42
Summary
Chief Copeland said talks continue with realtor Kim Williams about the O'Banion property on SR-42 (asking price $30,000 per acre) and that any sale to the Village would not proceed without a title search for liens or restrictions; a 1031 exchange was discussed but no agreement recorded.
Chief Copeland told the Village of Waynesville Public Works Committee on Feb. 3 that discussions are ongoing with realtor Kim Williams regarding the O'Banion property on SR-42, which is currently listed at $30,000 per acre.
Copeland said the possibility of a 1031 exchange between the Village and property owner David O'Banion had been discussed, but emphasized a key procedural requirement: "any potential sale to the Village would not proceed without a title search for liens or restrictions," Copeland said. The transcript records discussion of price per acre but does not document an offer, negotiation terms, or a committee vote to pursue acquisition.
The committee did not record any formal action or authorization to begin purchase negotiations during this meeting; Copeland framed the matter as ongoing talks and as contingent on due diligence (title search) before any sale could proceed.
