An Historic Landmark in Shelby County has been purchased by Myrtue Medical Center. In a board of trustees meeting this (Tuesday) morning, Myrtue Medical Center approved to purchase Mickel’s Family Restaurant. Following a closed session by the hospital board of trustees, Myrtue Medical Center Chief Executive Officer Barry Jacobsen told the board he had a conversation with the owner of the restaurant Sue Kobold.
Jacobsen said he was contacted by Kobold about 3 months ago, with regard to her desire to sell the restaurant. He said following discussions, an agreement was reached that was contingent on the board’s approval. The purchase price would be $375,000. $175,000 would be paid at closing, one hundred thousand on July 15th, 2013 and $100,000 July 15th, 2014.
Jacobsen said there is another contingency before the Hospital can go through the process, and that is the conducting of a phase 1 environmental assessment at Myrtue’s expense with the results showing no contamination. Jacobsen says the property would be used for further expansion of the hospital. More specifically, the physicians clinic, lab and emergency room.
He said they would obviously work with Sue Kobold on the details of the purchase agreement and anything she wants to do on closing the restaurant down.