Minutes 11/07/1986 - Laserfiche WebLink

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FRIDAY, NOVEMBER 7, 1986 execute (on behalf of the City) two purchase option agreements which, if options are exercised, will enable the City to replace said 118 spaces. One option agreement will be with James Clayton Stone and his wife, Cevera M. Stone, for the purchase of the residue of their two lots identified as Lots Nos. 25 and 26 on Gravely Street for the sum of $65,000.00; whereas the other option agreement is with Citizens Bank Group for the purchase of three parcels of land situated on the south side of West Main Street and/or abutting the south side of Moss Street, between West Main Street and West Church Street, for the sum of ,-' $139,000.00 (with $5,000.00 being required for the option but applied to said purchase price if option is exercised). A number of local citizens were present at this meeting and expressed concur- rence with--and endorssement of--Council's and the Authority's actions in this special meeting as well as appreciation of Council's efforts and the efforts of other interested citizens toward obtaining a developer of the Authority's property and, especially, the type of development proposed therefor by Elledge & Associates. Among those speaking to this matter and commending Council and the City Administration were Mrs. Becky Aydlett, Chairman of the Commercial Develop- ment Commission; Mr. Lawrence Wuensch, Executive Director of the Martinsville/ Henry County Economic Development Corporation; and Mr. A. L. Aydlett, Jr., ~-, Executive Vice-President of the Martinsville/Henry County Chamber of Commerce. In addition, Mr. Elledge acknowledged with appreciation the courtesies and cooperation extended him and his firm by City officials and other interested persons and/or organizations. Mayor Oakes then declared this special meeting adjourned. (r'}.").;..'"......,..y;i-.o. C' ----..". ~ . W. H. J~aman, Clerk of Council .. . fl"..(.7' '_;: 1