The Sweetwater Enterprise for Economic Development (SEED) board of directors approved the purchase of some property at their meeting on Monday morning, which was then approved by the City Commission at their Tuesday morning meeting.
At Monday's SEED meeting, the board reviewed the Phase One study results from the Stevens property on West Broadway, located across from the Sweetwater Cattle Auction. This particular study makes sure that there are no pending environmental issues, and the report came back clean.
It was believed that around 71 acres was available, but the SEED board anticipated approving approximately 75 acres. The legal description of the land was cited at 77.12 acres.
The property will be purchased at the price of $2,500 per acre, which the board felt was a good price. Discussion was held on the property, including the possible entrance to the area.
However, the ownership of a small piece of property on the northwest corner was in question, since the board felt this particular area would be the best place for the entrance. Thus, upon a satisfactory resolution of the ownership and availability of the area in question, the SEED board approved the purchase up to 78 acres of land.
Ken Becker, the executive director of SEED, recapped the action taken at the SEED meeting to the city commissioners at their Tuesday meeting. He explained that their current industrial park is completely sold out, and that the new property is very visible and located in the city limits.