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Taylor council accepts $330,000 offer for three Airport Industrial Park lots, approves development incentives
Summary
The Taylor Town Council on Jan. 2 approved the sale of Lots 2, 3 and 4 at the Airport Industrial Park to a prospective buyer for $330,000 and authorized development credits tied to certificates of occupancy; the buyer will be responsible for bringing power to the sites.
The Taylor Town Council voted Jan. 2 to accept an offer to buy three lots at the Taylor Airport Industrial Park, a roughly 10-acre parcel the town hopes will attract industrial employers.
Manager Gus Lundberg introduced the proposal and Dave Mills, speaking for the transaction, said the prospective buyer, Eric Ritz, originally offered $316,000 and that the town had countered at $330,000. Mills said the town would provide “a development credit incentive of 10,000 after the first certificate of occupancy and additional 5,000 to the 2nd certificate of occupancy.” He also said Ritz would be responsible for bringing power to the site and had discussed erecting metal office or warehouse buildings to rent or sell.
Councilmember Lynn Dewitt moved to accept the offer with the intent to add Covenants, Conditions and Restrictions (CC&Rs), to welcome input from the buyer on those CC&Rs, and to authorize the town manager to execute closing documents; Councilmember April Williams seconded. The motion passed unanimously.
Council members described the sale as a step toward local economic development. Mayoral remarks and council discussion noted the town’s goal of generating jobs and encouraging industrial investment, and Mills recommended placing items on a future agenda to consider three-phase underground power and CC&R rules for the industrial park.
The sale involves parcel numbers 205-54-002, 205-54-003 and 205-54-004. The council did not record individual roll-call votes in the minutes; the meeting minutes state the motion passed unanimously. No final deed or closing documents were published in the meeting record.
The council’s authorization directs the manager to complete closing paperwork; the town will monitor compliance with CC&Rs and certificate-of-occupancy conditions tied to the development credits.
