Title
Matters relative to industrial park property
Body
SUMMARY:
The City Manager has been approached by TLD Logistics to purchase 5.49 acres adjacent to their existing property on Interchange Drive. Their intent would be to construct a building to service their vehicles.
There are some environmental issues with the property and it is recommended that consideration be given toward applying for a FastTrack grant from the Tennessee Department of Economic and Community Development to assist in these costs.
The City Manager has considered a price of $250,000. He requests Council to approve a price for the property and perhaps, consideration of discounting this price based on new jobs that will be created.
BUDGET ACCOUNT: Not applicable
Recommended Action
NECESSARY COUNCIL ACTION: Approve the Mayor and City Manager to negotiate with TLD Logistics on the property under the terms discussed and approve submittal of an application for FastTrack grant funds.