BRUNSWICK — City Council is expected to vote Monday night on the sale of 16.3 acres of city property to a developer for $1.8 million.
Canton-based McKinley Development Co. wants to purchase the property at the south end of Brunswick Town Center to develop a hotel, luxury apartment building and senior living facility in three phases.
The hotel would be eligible for 100 percent tax abatement over 15 years, but the apartment complex and senior living facility would be taxed at normal rates under the proposed agreement.
The sale will be up for a second reading Monday, but Council is expected to waive the three-readings rule and approve it so paperwork can get under way.
“If things go as planned, we’ll vote on it,” Councilwoman Pat Hanek, at large, said.
The company plans to build between 80 and 100 assisted-living senior housing units and 105 to 114 luxury apartments.
Economic Development Manager Tim Smith said development of the three projects is expected to be a $40 million construction boon to the city and spur the development of the Town Center area.
The development firm plans to conduct studies on what type of hotel to bring to Brunswick, and all plans would have to be approved by the Planning Commission before any work could begin.
Bill Lemon, of McKinley Development and its partner firm Lemon and Lemon, said his firms have been looking to buy and develop property in Brunswick for six or seven years. He said construction wouldn’t begin until 2014, but said the sooner the deal is approved, the sooner his firm can begin to lay the groundwork for the project.
“We have to do our due diligence studies and put all the facts together on the hotel first and I can’t tell you how long that’s going to take,” he said last month.
The sale has been discussed in private Council sessions since late last year.
Council’s meeting is 6:15 p.m. at City Hall. Following the meeting, Council’s committee-of-the-whole will meet as well as the economic development and services committees. The committee-of-the-whole has one item on its agenda — to reject a bid for a storm sewer project. The other committees don’t have any legislative items on their agendas.
Contact reporter Loren Genson at (330) 721-4063 or firstname.lastname@example.org.