City of Red Bank Board of Commissioners Work Session Agenda Packet 2026-06-16
Sewer Plant Property Sold to Marion Environmental/Aqua Treat
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Description
The City of Red Bank is preparing to sell the former Sewer Plant property at 614 Hudson Road to Marion Environmental/Aqua Treat. The lessee has leased the property since 1995 at $904.57/month and is now exercising the purchase option for the recently appraised value of $314,000, with the transaction to proceed via quit claim deed.
Contract Details
Contract Amount
$904.57/month (lease); purchase option at appraised value ($314,000)
Vendor
MARION ENVIRONMENTAL/AQUA TREAT
Agency
City of Red Bank, TN
Contract Type
OTHER
Document Date
June 16, 2026
Contract Term
Lease since 1995; Sale to occur in 2026
Renewal Date
2026-12-31
Renewal Info
Lease since 1995 with option to purchase; now being exercised. Sale requires Commission approval of negotiated agreement.
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