Cookeville took the next step Thursday to sell some seven acres on Tennessee Avenue to a concrete mixing company.
The Cookeville Industrial Development Board passed a resolution allowing the city to transfer the deed to the Board. Attorney Kent Moore said then, the parcel will be sold for $70,500 to a land trust associated with Garrott Brothers Continuous Mix.
“So what this resolution does conveys the property to the land trust, but obligates both entities to comply with the legal requirements of the resolution,” Moor said. “Improve the street and develop and operate a concrete plant.”
Moore said the city most approve the street improvements, which include two new driveways, and the bond of payment before site work can begin. Company President Daniel Bugbee said once completed, the facility at the corner of Bob Gentry Road and Tennessee Avenue will create some 20 jobs.
“It’s a great spot,” Bugbee said. “It gets us great logistic access on and off the interstate and being able to service the future growth of this community up here.”
Bugbee said he hopes to start work on the new location in the next couple of months. Bugbee said getting the facility operational will take about six months. The Gallatin based company has 11 plants with over 150 employees.
The deed of the parcel zoned heavy manufacturing is still being completed by the city. Moore said a companion resolution will be considered in the future by the city council to finalize the deal.