The Livingston-City Industrial park could be home to an auto parts manufacturer in the near future.
City Council agreed to sell a 10-acre site to the unidentified company for $10,030 Monday night.
Livingston Mayor Curtis Hayes said negotiations with the prospect began more than nine months ago.
“I think this project will help enhance the quality of life in Livingston and Overton County,” Hayes said. “We’ve had the city industrial park for many years and that’s exactly what this property is designed for.”
Overton County economic development consultant Ray Evans said the potential employer plans to build a 100,000 square foot facility over a period of 5-years. He said the project would generate over 100 jobs with wages higher than the citywide average.
The sale of the property means Livingston would only have five acres of land available at the park. Hayes said that tract would continue to be used as a certified burn site for city brush and other debris.
“The only negative, if there is a negative to this, is that we are out of land,” Hayes said. “That’s something that we need to take a look at in the future. For future growth we will have to expand and buy some property.”
Hayes said the city plans to announce the name of the company at a later date.