Item Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Consider purchase agreement between the City of Griffin and Spalding Concrete Company, Inc. to purchase 14.31 +/- acres, tax map parcel number 003A01002, also known as 1120 North Hill Street, in the amount of $225,000. City Manager Kenny Smith will address.  


SPECIAL CONSIDERATIONS OR CONCERNS:

The purchase of this property will increase the total acreage of the City's property in this area adjoining the Electric Department facility, the Central Services facilities and CCWWTP. Potential future plans for this site include the relocation of Public Works and W/WW facilities from City Park. The property appraised for $225,000. The sales contract includes a 24-month lease back from the current owners at no cost.

STAFF RECOMMENDATION:

Staff recommends approval.

FINANCIAL IMPACT:

$225,000 plus closing cost from budgeted funds.

ATTACHMENTS:
File NameDescription
Spalding_Concrete_Contract_11_2_2016.pdfSpalding Concrete Sales Contract
Submitted by:

 Meeting Date:

K. L. Smith

11/8/2016

Reviewed by:

 
K. L. Smith