Coversheet


Town of Huntersville REQUEST FOR BOARD ACTION 10/5/2015

REVIEWED:

To: The Honorable Mayor and Board of Commissioners

From: Greg Ferguson, Town Manager

Subject: Purchase of Berryhill Properties

Mr. Berryhill has accepted the offer to sell his two properties for $237,836 in order to extend Fourth Street into the northern terminus of Main Street Upgrade.

ACTION RECOMMENDED:

Authorize acquisition of 307 N. Main Street and 109 Church Street and appropriate fund balance in the amount of $245,000 to cover purchase of land and associated closing costs.

FINANCIAL IMPLICATIONS:

$237,836 plus closing costs

ATTACHMENTS:
	Description	Type
	Memo	Backup Material