city-of-new-albany-resolution-r-29-2025-august-19-2025_19d.pdf
City Approves $15M Land Purchase from LHR Industries
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Description
The City of New Albany approved Resolution R-27-2025 authorizing the City Manager to negotiate and execute a purchase agreement with LHR Industries Inc. for approximately 49.424 acres at 6500 New Albany Road East for up to $15 million. The land acquisition is contingent on completion of due diligence as outlined in a letter of intent and subsequent purchase documents.
Contract Details
Contract Amount
Not to exceed $15,000,000
Vendor
LHR INDUSTRIES INC
Agency
City of New Albany, IN
Contract Type
FACILITIES
Document Date
August 19, 2025
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