Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
3/21/2016

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Greg Ferguson, Town Manager

Subject:          Call for Public Hearing - Anchor Mill


Bowman Development has offered to purchase the mill land for $1.35 million.  Additionally, he has offered additional road improvements to Huntersville-Concord Road.

 

Town Attorney Bob Blythe and Bowman Development's attorney have drafted Purchase and Sale Contract and Redevelopment Agreement.

 

A public hearing is required prior to any Board Action.


ACTION RECOMMENDED: 
Call public hearing for April 4. 
 
FINANCIAL IMPLICATIONS:
$1.35 million sale price