BERLIN – The town is set to make its biggest purchase in recent history as plans to spend $2.5 million on the former Tyson property move forward.
On Monday, the town council introduced an ordinance that would enable the municipality to issue and sell general obligation bonds in the amount of $3 million to fund the purchase. A public hearing on the proposal will be held at the Nov. 9 council meeting.
“It’s not if we’re going to be purchasing the Tyson property, it’s a matter of what date,” Mayor Gee Williams said.
It has been not quite a year since town officials first announced plans to buy the long vacant industrial property on Old Ocean City Boulevard for $2.75 million from Berlin Properties North. In an interview this week, Williams said the price had actually been negotiated down to $2.5 million and would include not only the Tyson facility but also a vacant lot on the south end of Flower Street. Closing is expected to take place in February.
“As part of the deal there’s six acres that comes with that sale,” Williams said. “It was part of the negotiations.”
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How come everybody else has grown up mayors?
ReplyDeleteBecause Berlin is not full of rental properties with a transit population that could care less.
ReplyDeleteexcellent.
ReplyDeleteforce tyson out with excessive regulations and taxes.
lose all of those good jobs and tax payers.
use tax payer money to buy it cheap.
use more tax payer money to turn it into more government waste.
perfectly logical in the liberal mind.
The plant has been closed for years..no jobs lost
Delete