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By now, just about everyone knows that changes are coming to the airport basin.
The Entrada project is well underway and at least one business has already claimed their stake in the new business development.
Main Gate, LLC agreed to purchase county owned property, however, amendments to that agreement have been made and the terms of the sale have changed, as well.
Assistant County Administrator Anthony Mortillaro was in council chambers last Tuesday to present a restated purchase, sale and license agreement with Main Gate LLC.
The motion was approved 7-0.
In February, Main Gate, LLC agreed to purchase county owned property, then in April, the County Council approved the purchase, sale and license agreement with Main Gate LLC for the development of A-3, A-7 and A-3-1 at Entrada Business Park.
The agreement was amended in March and again in July. With the July amendment, the agreement was restated as a new agreement.
One of the main changes in the agreement would change the purchase price of the property from $188,853.09 per acre to $216,923.93 per acre.
According to county documents, the new price represents the appraised value of the property improved with the off-site utilities.
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