Developer to improve land swap deal?

Thu, 02/08/2007 - 3:42pm
By: John Munford

Flexxon wants to buy tract behind PTC police station

A developer is apparently preparing to sweeten its bid to acquire a piece of city-owned property with highway frontage on Ga. Highway 54 West.

Flexxon Operating, which plans to build a shopping center on the former site of the Days Inn, wants to swap land with Peachtree City to acquire part or all of the city’s adjacent tract. Flexxon wants to give the city a parcel that it owns further to the south which contains the northern portion of the lake at the city’s Line Creek Nature Area. The city owns the southern part of the lake, and the City Council has indicated it would consider a land swap to protect the lake.

Now Flexxon plans to purchase a 13.2 acre parcel behind Peachtree City’s police headquarters which also abuts the Flat Creek Nature Area.

Monday night, the Peachtree City Water and Sewer Authority voted to accept a $460,000 bid from Flexxon to sell the property, which is the former site of the Flat Creek water treatment plant, which has since been decommissioned.

WASA General Manager Larry Turner said the $460,000 offer was the appraised value of the parcel. No other entities had inquired about the land, which had not yet been put on the market, and it was Flexxon that contacted WASA about the property, Turner said.

Peachtree City Mayor Harold Logsdon said Thursday that protecting the Line Creek Nature Area “is priority number one over there,” so he thinks the City Council will listen to a land swap proposal from Flexxon.

“The question is how much of a land swap are we willing to do and what’s going to be of benefit to the city,” Logsdon said.

Any land swap would have to give the city land of equal or greater value than the land the city relinquishes in the transaction, Logsdon said.

Turner said if the transaction occurs, the money would likely go into WASA’s reserve fund, although that could change. In the deal, Flexxon has 120 days to conduct its due diligence on the site, Turner said.

WASA still discharges treated wastewater into Flat Creek via a pipe from the Line Creek sewage treatment plant, and easements for that activity and several other pieces of equipment WASA still uses on the site, Turner said.

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Submitted by bladderq on Thu, 02/08/2007 - 6:34pm.

I bid $36,000 an ac. for this parcel of property. What's more, I don't remember the details; but, didn't the city of PTC already get reamed on this deal when WSA acquired the system? HEY STEVE, where are you? I think if WSA doesn't need this "surplus" property, it should be donated back to the city.
If you want to be the "gorilla in the room" and take a more "liberal" persona...does Imminent Domain have a nice ring? I think it says something about common good in Greek or Latin.

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