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Board approves sale of 1.2 acres of city right-of-way for $545,000
Summary
The board approved a resolution to declare about 1.2 acres of city right-of-way on Molly Barr Road surplus and to authorize its sale to an adjacent developer for $545,000, directing the mayor to begin closing and sign a warranty deed when ready.
John (engineering staff) described a roughly 1.2-acre strip of city right-of-way on Molly Barr Road adjacent to a proposed development (referred to as 'NOLA'). He said the developer sought to incorporate the property into its site and the board agreed on a negotiated price of $545,000 presented in the agreement before the board.
The board approved a resolution to declare the property surplus, authorized the mayor to begin closing and to sign a warranty deed when ready. Staff indicated the sale proceeds would follow statutory procedures under Mississippi Code §21-17-1 for disposition of city right-of-way.
