File #: ID 14-215    Version: 1 Name: Steam Plant
Type: Public Hearing - No Action Status: Passed
File created: 10/21/2014 In control: City Council
On agenda: 10/28/2014 Final action: 10/28/2014
Title: Consider the disposition of real estate, namely 3.3297 acres, more or less, designated as 1630 Driver Drive and shown on the City Block Map as Parcel No. 86-D-2 to the Visitors of James Madison University
Attachments: 1. Public Hearing Notice - Resource Recovery Facility, 2. Memorandum - Resource Recovery Facility
Related files: ID 17-070
Subject:
Title
Consider the disposition of real estate, namely 3.3297 acres, more or less, designated as 1630 Driver Drive and shown on the City Block Map as Parcel No. 86-D-2 to the Visitors of James Madison University
body
Presented By:  City Manager Hodgen
 
Recommendation and Review
During the October 14, 2014 Council Meeting, council directed the City Manager to advertise a public hearing for this matter.  JMU has submitted an offer to purchase the referenced property from the city in the amount of $4.2 million dollars.   A report to Council is attached outlining the rationale for considering sale of the property in question to JMU.
 
Staff recommends that Council accept the offer subject to the City and JMU finalizing a formal agreement for sale of the property, and authorize the City Manager and City Attorney to execute the appropriate documents.