The Lockport City Council approved a resolution to purchase the Delwood Tire property at 701 South State for $550,000, the council voted during its regular meeting.
City staff told the council the purchase is the first step in planned downtown redevelopment and that additional development proposals will be brought back to the council for later action.
Council members moved and seconded the resolution and carried it by roll call.
City staff said the parcel is needed to enable future development opportunities; staff did not present a finalized redevelopment plan at the meeting. Council discussion focused on confirming the council’s prior direction to pursue downtown redevelopment and on completing the land purchase to hold the parcel for future proposals.
The council did not approve a specific redevelopment project or any expenditure beyond the purchase price at this meeting. Staff said further details and specific development proposals will come back to the council for review and action.
The purchase resolution was identified on the agenda as Resolution 25-0-74. The council voted to approve the resolution by roll call during the meeting.