BY EMILY LE COZ
TUPELO – Downtown Tupelo's Fairpark District landed its newest tenant Tuesday after officials accepted the $106,491 offer of Tupelo dentist Frank Hodges.
Hodges has 30 days to close on the deal, which will set in motion plans to relocate his dental practice from Spicer Drive to a plot near City Hall, said Suzanne Smith, acting chairman of the Tupelo Redevelopment Agency, at the group's meeting.
After an executive session to discuss the sale with Coldwell Banker's Adam Morgan and Tupelo Mayor Larry Otis, Smith praised the transaction and said TRA now has only one lot left on the park to sell.
Payment dispute settled
During the same meeting, TRA members also learned that the city settled a months-long payment dispute with Gilco Contractors when it paid the company $6,112 last week.
TRA had omitted $16,400 from its last payment to Gilco after the company – which built streets and infrastructure for Fairpark's residential development – missed 44 days of work without sufficient reason, according to city attorney Guy Mitchell III.
Each day cost Gilco $400, bringing the final amount from $54,176 to $37,776.
Gilco objected and threatened on numerous occasions to sue TRA for the remaining amount. But the two entities agreed last week to settle, with TRA paying the additional sum but not the full amount.
The entire project cost a little more than $1 million.
Contact Emily Le Coz at 678-1588 or firstname.lastname@example.org