Oxford looking at value of undeveloped land
Published 10:10 am Monday, January 9, 2017
The city of Oxford recently hired an engineering firm to study the value of a small portion of undeveloped land inside the Campground Water Association service area.
The city hopes to purchases 25 acres of land on the corner of Highway 30 and County Road 2051, north of Oxford Commons residential area.
There are currently no existing Campground customers on the 25 acres. The land was recently annexed into the city limits of Oxford and is the proposed site for The Summit, a large commercial development that would be part of Oxford Commons planned unit development.
Last week, the Oxford Board of Aldermen approved a request from Public Works Director Bart Robinson to hire M&G Enterprises engineering firm to provide a professional opinion of the monetary value of the potential to generate potable water revenue from the 25-acre parcel.
“Once the valuation is complete, we will be able to make an offer to purchase the area,” Robinson said recently.
The firm will be paid on an hourly basis, which is expected to run about $5,000 since no objections to the purchase are expected.
Robinson said if the city moves forward with the purchase, it would have to be approved by the Public Service Commission.