Aldermen approve buying pecan factory site for $750,000Published 5:24pm Thursday, June 28, 2012
NATCHEZ — The Natchez Board of Aldermen has voted 5-1 to buy the former pecan factory site for $750,000 as part of a legal settlement with one-time condo developers.
The lawsuit filed against the city by the bluff condominiums development company Worley Brown LLC was scheduled to go to trial Friday morning.
Ward 5 Alderman Mark Fortenbery voted against the motion.
City Clerk Donnie Holloway said after the board’s special call meeting that the aldermen have not decided how the city will pay for the property. He said mini bonds have been discussed, but the board will take up the issue at its next meeting or call a special meeting.
Worley Brown LLC filed the suit in September 2007 to recoup losses caused, the company has said, when it was unable to develop land on the Mississippi River bluff as a condominium complex.