Summary:
The City proposes to purchase certain property owned by CSX Transportation, Inc., “CSX,” in the vicinity of North Parramore Avenue and Bentley Street. The property was previously leased by the City from CSX for use as a parking lot in conjunction with operation of the Nap Ford School under the terms of a Right of Way Lease, dated December 8, 1992, "Lease." The appraised value of the .26 acre property is $142,500.00, which is also the purchase price. |