MANATEE -- Attempting to avoid a snag in the sale of 30 acres where a new manufacturing plant is slated for construction, the Manatee County Port Authority today OK'd documents designed to eliminate legal obstacles that could have derailed the deal.
Air Products and Chemicals Inc., a company that wants to build a plant near the port that would employ 250, requested the partial release and an agreement from the authority in order to clear the way for the land purchase, county documents said.
The company hopes to buy the land at Piney Point from HRK Holdings, LLC, which is in the midst of a bankruptcy case.
The closing is set for sometime before Nov. 15, according to Caleb Grimes, an attorney representing the company.
The authority's action clarified that Air Products would receive the property without any encumbrances related to contracts that already exist between the authority and HRK, documents said.
The documents referred to a pipeline on the land that returns water from HRK's property to the bay.
"To insure that Air Products allows for the continued operation of the pipeline in its current location or a new location, the attached agreement ...i s necessary," a document said.