SOUTHPORT — If the due diligence period passes without issue, Southport Marina will be the new owner of Southport’s former waste treatment plant. At a special meeting Tuesday, announced Friday, Southport Board of Aldermen approved the land deal 5-1.
Related: Land deal could rescue Southport’s low fund balance, depleted after years of financial troubles
Southport Marina offered the city $650,000 to purchase a 2.5-acre lot it neighbors, with frontage on Cottage Creek. In the offer, Southport Marina agreed to give the city two easements: a 0.11-acre easement and a 10-foot easement with waterfront access.
The city could build a kayak launch, or other waterfront structure in the 10-foot easement, its manager, Bruce Oakley said. Southport Marina will pay 50 percent of construction costs to help with the city’s future use of that easement, up to $25,000. (Read more about the deal, with full background details, here).
Southport Marina plans to duplicate its current dry storage boatyard on the lot, according to its general manager. If the sale closes in August, Southport’s general fund balance — currently in a dicey position — will nearly double.
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