CIC considers other offer for car assembly
EAST LIVERPOOL — With little to no movement on a plan to utilize the former Riverview Florist property as part of an electric car assembly operation, the Community Improvement Corporation’s property committee will be considering another offer during a meeting at 5:15 p.m. Tuesday.
The committee will entertain an offer by the Capital Corporatum LLC, a Georgia-based company, to purchase the 85-acre parcel for $300,000 with plans of creating a multi-use commercial/business park.
The proposal calls for Capital Corporatum to pay the $300,000 in $100,000 installments over 36 months, with the city required to zone or rezone the property for commercial, light industrial and manufacturing uses.
According to the proposal, the buyer will set aside at no cost to the CIC at least one acre for a possible satellite site for law enforcement or other mutually agreed upon city use and calls for the buyer to receive 75 percent of the future mineral rights, with the CIC retaining 25 percent.
The city originally paid about $1.3 million for the parcel of ground that held the Riverview Florist operation, including greenhouses and the front offices, which the buyer has agreed to remodel as part of the purchase.
It was transferred to the CIC some time ago for development, and talks have been on-going with the Velfera Auto Design company in regard to the multi-million-dollar electric car assembly project encompassing communities in both Ohio and Pennsylvania.
Mayor Ryan Stovall recently said in a report about the city’s progress that he had informed Velfera officials the city was going to start looking at other potential developers, and planning Director Bill Cowan said last week, “We haven’t had any contact with Velfera in several months.”
Service-Safety Director Brian Allen has plans of utilizing a small portion of the property on which to relocate some city street and refuse services, which Velfera had agreed to.
The property committee will take the offer under consideration and make a recommendation to the full CIC board, which will meet at a future time.
The committee meeting will be held in council chambers at City Hall.