MARION – The Marion City Council approved the sale of the 440-acre city lake property off of Reservoir Road at their meeting Monday.
City Spokesperson Cody Moake said the city received one bid from Andrew Freebourn of Freebourn Enterprises, LLC for $1.5 million, which the council accepted.
Moake added there are contingencies that the city will need to “work out” with the buyer. If the city is able to work through them, he said the city anticipates closing sometime in the first quarter of next year.
The city had solicited bids for the lake property for the last 30 days and were due by 5 p.m. last Friday.