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The Anderson Redevelopment Commission Tuesday approved the sale of the property to Perfecto for $1 and the company has to comply with the economic development agreement.
Council President Lance Stephenson said council members will meet with Mayor Broderick next week to work on drafting an ordinance to create a homeless commission.
No hearing has been set in the lawsuit filed by the city of Anderson earlier this year against the owners of the Bingham Square Apartments.
The Anderson Redevelopment Commission will lease a rail spur for a new company to locate in a former Guide property.
The city of Anderson last month filed the lawsuit against the owners of the Bingham Square apartments seeking $1.6 million.