Clarksville boards approve settlement allowing redevelopment of former Colgate site

The Clarksville Redevelopment Commission and the Clarksville Town Council unanimously approved a settlement agreement on Aug. 12, 2025, that would resolve the town's eminent domain case involving the former Colgate property and Clarks Landing Enterprise Investments LLC. The Redevelopment Commission voted 5-0 to approve the agreement and the Town Council followed with a 6-0 vote. "The Redevelopment Commission approves the settlement agreement 5 0," the meeting chair announced during the RDC roll call. "The council has voted six-zero in favor," the chair later said after the council roll call.

Town staff and representatives from Clarks Landing and the redevelopment commission had negotiated terms that, if the court signs off on the settlement, will allow the eminent domain case to be dismissed so Clarks Landing may proceed with redevelopment of the property. The facilitator noted that the settlement includes an entry referencing the Clark County Treasurer because of possible tax liens; the town believes the county treasurer was dismissed from the suit but will still seek the treasurer's signature after local approval. The settlement approval was presented to the court for review and potential dismissal of the litigation later in the week.

The meeting opened at 6:24 p.m.; Clerk/Treasurer Adi Stonecipher was absent and the facilitator said they would take minutes for the session. Councilperson Darcy was recorded as absent for the vote. On behalf of the redevelopment commission it was noted that, because RDC Chairman Alan Butts was attending virtually, Vice President McKeown would sign the settlement on the commission's behalf. The meeting adjourned at approximately 6:28 p.m.