The Board of County Commissioners announced the completion of the acquisition of the Lexington Manor properties on Monday, December 20, 2004, immediately following the final meeting to accept the deeds to the north and south parcels.
We are very pleased to have purchased the Lexington Manor Properties as part of a long term solution to encroachment to the Navy and the revitalization of Lexington Park, stated Thomas F. McKay, President, Board of County Commissioners. This decision also has created new and better opportunities for the families who have been living in the dilapidated housing. The progress we have made so far is indicative of our dedication to all the citizens and we look forward to the transformation of this blighted area for the betterment of St. Marys County.
The Northern Parcel will be acquired for $3 million through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Redevelopment plans for the Northern parcel include an option to retain the land as open space and an option for non-residential development consistent with the Air Installation Compatible Use Zone (AICUZ) requirements and the long term needs of the Navy.
The Southern Parcel will be acquired for $3.5 million through funding provided by the federal Community Development Block Grant Program, the Maryland Departments of Business and Economic Development (DBED) and Housing and Community Development (DHCD), Maryland Program Open Space, and the County. Plans to retain the Southern Parcel as open space are consistent with the requirements of the Program Open Space funding.
The current management company, Essex South Management, LLC, will continue to manage the rental operations under County ownership.