Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
4/4/2016

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Greg Ferguson, Town Manager

Subject:          Resolution Authorizing Sale of Real Property


Consider adopting the Resolution Authorizing Sale of Real Property for Economic Development of the Anchor Mill property to Bowman Development Group, Inc. as set forth in the Purchase and Sale Contract and Redevelopment Agreement.  The total consideration consisting of cash at closing in the amount of $1,350,000.00, and $250,000.00 in off-site public improvements.  


ACTION RECOMMENDED: 
Adopt Resolution 
 
FINANCIAL IMPLICATIONS:
 



ATTACHMENTS:
DescriptionType
ResolutionExhibit
Purchase and Sale ContractExhibit