Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
5/18/2015

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Greg Ferguson

Subject:          Consider Approving a Contract and Appropriate Funds


Consider approval of a Contract for Purchase and Sale of Real Estate by and between the Town and Caroleen Trading Company, Inc., and Caroleen Enterprises, LLC for the purchase of seven (7) parcels located on or near Church Street, Old Statesville Road and N. Main Street; and to authorize appropriation of general fund balance in the amount of $880,000.00 for said purchase and other items associated with the transaction. (Greg Ferguson)


ACTION RECOMMENDED: 
Approve contract.
 
 
FINANCIAL IMPLICATIONS:

$880,000 from General Fund Balance

 



ATTACHMENTS:
DescriptionType
Contract for PurchaseExhibit