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Richlands approves $300,000 sale of HELP Building to NBI Financial LLC
Summary
The Board voted unanimously Aug. 12 to sell the HELP Building and grounds to NBI Financial LLC for $300,000 after the upset-bid period closed with no new bids; the town attorney was directed to prepare the purchase contract.
The Richlands Board of Aldermen approved the sale of the HELP Building and adjacent grounds to NBI Financial LLC for $300,000 at its Aug. 12 meeting after the town received no upset bids by the Aug. 8 deadline.
Town Administrator Gregg Whitehead reported the lack of additional bids and said the board could proceed with the sale. Alderman Paul Conner moved to approve the sale, Alderman Marilyn Bunce seconded, and the motion carried unanimously. Mayor McKinley Smith then directed the town attorney to draw up the offer to purchase and the contract for the sale.
Why it matters: The sale transfers town-owned property into private ownership and will require standard closing procedures and deed transfers. The minutes record the dollar amount and the buyer; no additional conditions or competing bids were noted.
What’s next: Town Attorney Keith Fountain will prepare the purchase contract and closing documents for signature per the approved motion.
