Carolina Beach council approves $935,000 purchase of three parcels for town operations

The Carolina Beach Town Council voted unanimously on July 21 to approve a contract with INDIC Group Holdings LLC to buy three parcels near Bridge Barrier Road for $935,000, the presiding official said.

The mayor moved to approve the contract after the council returned from a closed session called earlier to discuss a real estate matter. The mayor said the material terms include a purchase price of $935,000, an examination period concluding Aug. 15 and a closing date of Sept. 1, 2026. "Material terms being the purchase price will be $935,000," the mayor said.

A council member supplied street addresses for the parcels as 1301 Bridge Barrier Road, 1307 Bridge Barrier Road and 608 Lehi Avenue. The mayor told colleagues the purchase fits the town's facilities plan and would allow town operations to move to the new site over time, freeing space at the current location for future expansion of the recreation center. The mayor also said no property tax or general fund money is being used for the purchase.

Several council members spoke in support, calling the acquisition a strategic opportunity and crediting prior fiscal stewardship for making the purchase possible. One council member said the town's strong financial position enables it to act opportunistically when property becomes available and that the investment will likely look prudent 12 to 20 years from now.

The motion passed by voice vote; the transcript records multiple "Aye" responses and the presiding official declared the motion unanimous. The transcript does not record a roll-call tally or individual recorded votes.

The council adjourned after the vote. The transcript shows the council had previously moved into closed session under the statute cited in the meeting record to discuss the real estate matter; the transcript reference to the statute is quoted as "NCGS 143318Dot11 85."