City inks $4.4 million deal

Posted on September 25, 2015

Under an agreement approved Tuesday, the Perry City Council will sell a 55-acre parcel on Foley Road to Applied Gaia, the company planning to construct a $60 million biomass plant in Taylor County under its subsidiary, Perry Natural Technologies.

In addition to paying $1.3 million for the property, along with $67,000 for two nearby parcels, the company agreed to give the city a $3,050,000 grant for a portion of the “extensive expenses and liabilities” the city has incurred “in efforts to locate a manufacturing facility on the property,” the agreement states.

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