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Then Costco wanted the land and just three years later they got it. Its not clear whether Costco asked the city if they could move in or if the city asked Costco to move in, but what is clear is that on May 28, 2002 the Cypress City Council voted four to zero to enact the laws of eminent domain to take the land from the Cottonwood Christian Center and then sell it to Costco for a cheaper price (republic). And now the city stands to benefit from about $400,000 of tax revenue a year. The eighteen-acre property was appraised at $17.9 million dollars, but the city only paid "just compensation" for the property, which was determined, by the city, to be $14 million dollars...
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Common topics in this essay:
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