FOR IMMEDIATE RELEASE
Boone County Presiding Commissioner
Phone: (573) 886-4305
BOONE COUNTY AND MODOT
REACH PURCHASE AGREEMENT
June 24, 2015 – The Boone County Commission has reached an agreement in principle to purchase the real estate and improvements located at 950 E. Highway 124, Hallsville, Missouri from the Missouri Department of Transportation for its appraised value of $450,000.00.
Although formal contracts have yet to be executed and there remains some necessary due diligence to complete before closing the transaction, the agreement in principle is expected to result in a transfer of ownership of the facility from MoDOT to Boone County sometime during the next several months.
“Our staff analysis indicates that owning this facility will result in significant cost savings in Public Works operations,” said Boone County Presiding Commissioner Dan Atwill.
This facility will make a significant, positive contribution to Boone County’s continuing efforts to maintain the approximate 800 miles of road under its jurisdiction.