New Port Richey city council members have approved the $1.1 million purchase of land fronting the Cotee River that has been a priority acquisition of city leaders for several years now.
The property, known as the Montemayor parcel, is sandwiched between a boat ramp park to the south and the “Potter Property” to the north bought by the city several years ago.
All told with the purchase of the new land, which is set to close in October after the new fiscal year begins, the city will own 2.73 acres along the river with 522 feet of frontage.
While the members of the New Port Richey City Council, sitting as the community redevelopment agency board, approved the purchase, there is not yet a specific plan for the adjacent properties. That will come later as city officials continue to discuss what they want to do along the water to enhance other work that has been underway throughout the community.
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