A contract is still being negotiated, but it appears that all is in line for the City of Plainville to purchase the former Schult Home plant in Plainville. CMH Manufacturing has offered the facility to the City at a reduced price from what it was publicly offered--$1.5 million. The Rooks County Economic Development (RCED) Commission has agreed to join with the City in funding the purchase, and in return would be involved in the process of attracting tenants to the facility.
An interlocal agreement will be entered into between the City and RCED that would spell out the terms of cooperation between the two entities. Details are still being worked out on this agreement as well. It is hoped that the agreement with CMH and the interlocal agreement can all be finalized within the next 60 days.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment