County agrees to move forward with Lake Adger purchase
Published 9:47 pm Tuesday, November 17, 2009
Polk County plans to officially own Lake Adger this week.
Commissioners met Monday and unanimously approved to close on the $1.6 million property to use as its future water source.
Commissioners met with attorney Billy Clarke Monday and approved an amended resolution to purchase the property.
The county formerly delayed the closing that was scheduled for the end of last week awaiting documents from Duke Energy and Northbrook prior to the closing.
Clarke said the county has received a letter from Duke Energy that states within six months they will release properties from their deed of trust. Northbrook has also obtained a survey of the premises to be leased that the county was seeking. Another issue was insurance for the added liability of the Turner Shoals Dam. Clarke said what the county can obtain will be adequate.
Northbrook, which is selling the property to the county, indicated it wants to close on the property sometime this week, Clarke said.
Commissioners approved a resolution to purchase the lake and dam and lease the power plant property to Northbrook for $1 per year.
Clarke said the closing will be done by mail this week, with the money wired and the updated title recorded in Polk County