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Council approves sale of three airport-park lots and authorizes $1.5M parcel purchase
Summary
Council authorized the sale of lots 9'11 to a buyer named Lynn Hatch for $136,000 (transcript does not clarify whether that is per lot or total) and authorized the manager to purchase parcel 202-23-101A for $1.5 million with closing costs split 50/50 with sellers.
The Taylor Town Council on Feb. 6 moved forward with two related real-estate transactions: acceptance of an offer to buy three airport-park lots and authorization to purchase a separate larger parcel near SR 77.
Council accepted an offer for lots 9, 10 and 11 (parcel numbers 205-54-009, -010 and -011) and directed the manager to execute the closing documents. The motion names a buyer, Lynn Hatch, and lists a price of $136,000; the minutes do not indicate whether that amount is the total sale price for all three parcels or a per-parcel price. The buyer will split total closing costs with the seller on a 50/50 basis.
Council also authorized the town manager to execute a purchase contract and closing documents for parcel 202-23-101A near State Route 77 and 19th South. The motion records the purchase price as $1.5 million and lists the parcel acreage in the motion as 17.24 acres; the agenda summary earlier in the packet listed the acreage as 17.5 acres. Closing costs for the purchase were to be split 50/50 with the seller. The motions were recorded as unanimous.
Both transactions require standard closing steps; the manager was directed to proceed with contracts and reporting back to the council.
