Century council tables cotton storage for now
August 20, 2020
The Century Town Council voted Monday night to table a lease proposal received Aug. 6 from West Florida Gin to store cotton in the 40,000 square-foot building in the industrial park for $6,000 a month for 5 years in favor of letting a manufacturing company that would bring 21 jobs to come Thursday to look at it for possible occupancy.
“The lease would generate $72,000 annually for the town's general fund,” said Interim City Manager Vernon Prather.
Prather told the council that in a 2017 appraisal, the listed selling price of the building was $550,000, or monthly rental rate of $6,667,...