North Myrtle Beach on Thursday signed contract with Hillside Development, LLC, for the purchase of 7.24 acres of the 9.35-acre site known as Ingram Dunes for $2.5 million, according to a news release.
The city bought the land using $500,000 from its budget, a $500,000 grant from the South Carolina Conservation Bank and donations from the public. The family of Charles Ingram contributed the remaining $1.4 million, according to the release, which says closing on the property will occur on or before June 21, 2019.
City spokesman Pat Dowling said the land will be a "passive park," preserving much of the green space. Dowling said it will be called "Ingram Dunes Park" per the agreement with the Ingram family, who fronted more than $1.4 million for the purchase.
Early negotiations to buy the property fell through due to the gap between the $3.1 million price and the money the city had available.
But the city says the property owners came up with an idea to sell 7.24 acres of the land while subdividing the remaining 2.11 acres into seven lots to construct seven single-family houses along Strand Avenue.
“We thank the board of directors of the S.C. Conservation Bank for having stayed the course with us as we moved toward this purchase,” said North Myrtle Beach Mayor Marilyn Hatley in the news release. “We thank Hillside Development for having worked to arrive at this offer, and we thank the family of Charles Ingram for having donated $1.4 million to make this purchase possible. They filled the funding gap, and it is important to remember this fact. The dunes and the many lovely trees will live on in Ingram Dunes Park to enchant future generations of residents and visitors.”
The city would like to thank the members of the Horry County Delegation, from the federal to the local levels; city council members and the members of the public who helped raise money.
The city said it will eventually hold a public ceremony including members of the S.C. Conservation Bank board of directors and all others involved in the effort.
"The South Carolina Conservation Bank is proud to play a role in the preservation and conservation of Ingram Dunes, said conservation bank Vice Chair Michael McShane. "We congratulate the City of North Myrtle Beach for their diligence."
It's probably going to be a passive park, it'll be called Ingram Dunes Park. It hasn't been formalized by city council. It would honor the family.
This story will be updated.