Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Sale Economic Development topic
No spam. Unsubscribe anytime.
Council approves sale of industrial parcel to Ed Lewis Trucking
Summary
Council accepted Ed Lewis Trucking's bid to buy a roughly 5–6 acre city parcel in the West Industrial Park, with the buyer seeking TIF inclusion and space for a satellite truck yard; the sale passed after council discussion of jobs and access.
The Olney City Council voted to sell parcel 11‑10‑301‑026 — roughly a 5.06–6‑acre tract in the West Industrial Park — to Ed Lewis Trucking (ELT) after considering competing proposals from Illinois Real Estate Company and ELT. City staff presented both offers, noting Illinois Real Estate proposed a welding/fabrication shop adjacent to Illinois Gas Company and USDI; ELT proposed a satellite yard, an access road from Miller Drive and asked that the parcel be included in the city's TIF redevelopment district.
Council members discussed job retention and future growth, with one member noting that giving ELT a foothold could lead to warehouse and employment expansion. A motion to accept ELT's bid was made and seconded; the council voted in favor and the motion passed. The proposals included a stated $5,000 per‑acre figure for Illinois Real Estate and an ELT offer recorded in the packet as $5,000 (the transcript is ambiguous whether that amount was per acre or total). City staff said final design, timeline, appraisal and occupancy dates will be determined during project design and permitting.
