After hearing the plans for a new business in Jellico, the town board approved a contract extension for Montclair Technology LLC.
The company plans to purchase the Taylor Machine building for $350,000. It has been in negotiations with the town of Jellico for about six months.
Previous Mayor Forster Baird recommended a 90-day contract to insure the property isn’t tied up in legal transfer. The contract expired in December, leading the new administration to draft an extension for the company.