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The Industrial Development Authority approved selling two parcels at West Main Street and Bishop Road to the Lester Group for $500,000, a price confirmed to match the properties’ appraised value. The board also approved up to $54,420 for structural repairs at 624-626 North Main Street and authorized several property, financing, and development actions.
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The land sale transfers two Authority-owned parcels for $500,000. The board authorized emergency-related masonry repairs at 624-626 North Main Street, approved up to $30,000 for architectural work to create two commercial spaces at 206 North Union Street, and renewed a $652,093.65 loan for property at 500 Stinson Drive. It also approved a nutrient-credit purchase required for the Coleman project under environmental requirements.
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