Council OKs idX extension
Published 5:13 pm Tuesday, February 25, 2014
Washington’s City Council, during its meeting Monday, amended its purchase agreement with idX Impressions pertaining to the former Hamilton Beach/Proctor-Silex property at 234 Springs Road.
The property’s new owner, idX Impressions, sought an extension regarding a period for inspections. The city and idX entered into a purchase agreement Nov. 25, 2013, concerning the land and improvements (buildings) at the site at 234 Springs Road. As part of that agreement, idX was given an inspection period to perform physical, mechanical and environmental inspections of the property and all records and financial information concerning the property. The deadline for the inspections is Monday.
Recently, idX asked for the inspection period to be extended to March 24 to complete some environmental inspections and have an American Land Title Association survey prepared. An ALTA survey is more detailed survey that is performed in accordance with ALTA standards. The costs associated with this survey are being paid for by idX.
Also, idX wanted a permanent easement regarding adjacent city property.
“We decided to give them a temporary easement instead,” Councilman Bobby Roberson said Tuesday.
According to a memorandum written by Matt Rauschenbach, the city’s chief financial officer and assistant city manager, last fall before the purchase agreement was approved, idX planned to invest $2 million in tooling and equipment upgrades at the existing facility and add 150 jobs during a three-year period.
As part of its plans, idX applied for $3,020,000 in grants for the expansion and jobs creation.
For additional coverage of the council’s meeting, see future editions of the Washington Daily News.