Town Council to decide on old Triplett School bid
The Mount Jackson Town Council will meet at 7:30 p.m. today to consider heeding a recommendation to sell the old Triplett School building.
At the Public Property Committee’s July meeting, its members decided to recommend a bid from local businessmen Dexter Mumaw and Todd Holtzman, who want to turn the building into a theater complete with a restaurant and frozen yogurt shop.
Town Manager Kevin Fauber said council’s vote on the matter should be the big-ticket item for the meeting.
“The biggest thing at the meeting will be coming out of the public properties committee with their recommendation on the selling of the old Triplett School,” he said.
Holtzman, who will be at the meeting, said he’s hoping to reinvigorate the worn down building and breathe some new life into the town.
“I’m hoping they’re gonna make the decision to bring the development to town,” he said.
In their offer, Holtzman and Mumaw proposed paying the town a total of $550,000 up front with $120,000 more to come in tap fees. Of the first lump payment, $250,000 would pay for the property itself, and the additional $300,000 would be an up front payment for the tap fees.
Should council decline the offer altogether, the town will need to pay between $60,000 and $100,000 annually to maintain the building and approximately $500,000 to fully refurbish it.
According to a county assessment provided by its Geographic Information Systems, the property is valued at $1.6 million.
If the council accepts, it will move forward with hiring an attorney to assist with the transaction and negotiate with the businessmen.
While the public properties committee discussed negotiating a better price on the building, Holtzman said he respects the town but has offered his top dollar and is not looking to negotiate.
“We’ve given them the absolute top dollar we can offer,” he said.
Fauber said he hasn’t heard much regarding how the council will vote. He declined to offer his own guess.
Contact staff writer Jake Zuckerman at 540-465-5137 ext. 152, or firstname.lastname@example.org
Print This Article