GIDA Votes to Transfer Property to City

The Grove Industrial Development Authority has voted unanimously to transfer all of the property held in GIDA's name to the City of Grove, with the exception of the Civic Center building which will remain in GIDA's name.
The property to be transferred consists of lots 2-7 and lot 22 in the Grove Business Park, the All State Tank leased building, and eight acres at the Industrial Park. The Civic Center still has debt on it and the debt would have to be retired for the deed to be transferred to the city.
The GIDA board, at its meeting last Friday, also discussed making an offer to a possible new tenant in the Industrial Park, an out-of-state company with 16-30 employees making an average wage of $12-15/hour in the aircraft/automotive industries. The city, using funds from Grand Gateway and the Oklahoma Department of Commerce, would construct a 15,000 square foot building with paved parking lot and lease it to the new company.
The board voted to have the city manager proceed with a specific proposal.
They also set the next meeting date as March 17 at 1:30 p.m.