The sale of several acres of land in Chautauqua County will be a benefit in more ways than one.
During the recent Chautauqua County Industrial Development Agency Board of Directors meeting, two resolutions regarding the sale of property were approved. The first was the sale of 1 acre of land in the Stoneman Industrial Park to Thomas Kosinski. The second was the sale of 43.9 acres to the Town of Ripley.
The land sold to the Town of Ripley, however, was purchased for an amount not disclosed during the meeting.
"This is a piece of property ... the IDA had purchased from an individual in the Town of Ripley," said Bill Daly, administrative director for the CCIDA.
The property, Daly said, is on Route 5, located near the sewer treatment plan. The town had grant money to purchase land, and chose this parcel in order to help with a sewer project.
"They're doing a sewer-water project," Daly said. "We will be helping them a great deal on the sewer-water project. So, this frees up money. ... This is a good deal for everybody. It's more strategic, relating to other projects."
Both property transfers were unanimously approved by the board. Its next meeting will be July 16 at 10 a.m.