File #: CON 24-10    Version: 1 Name: PSA with High Mark Investing, LLC
Type: Contract Status: Passed
File created: 2/14/2024 In control: City Council Regular Meeting
On agenda: 3/5/2024 Final action: 3/5/2024
Title: The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with High Mark Investing, LLC, related to the sale of 2.29 acres of real property generally located at the southeast corner of N. White and Parker Rd and W Bowlin Rd, a portion of Assessor Parcel No. 502-03-012P, for $1,200,000.00 and authorizing the City Manager to execute this agreement, any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.
Sponsors: Rick Horst
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with High Mark Investing, LLC, related to the sale of 2.29 acres of real property generally located at the southeast corner of N. White and Parker Rd and W Bowlin Rd, a portion of Assessor Parcel No. 502-03-012P, for $1,200,000.00 and authorizing the City Manager to execute this agreement, any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

The City desires to sell 2.29 acres of real property generally located at the southeast corner of N. White and Parker Rd and W Bowlin Rd, a portion of Assessor Parcel No. 502-03-012P, for $1,200,000.00

 

PRESENTER

This item will be presented by Rick Horst, City Manager

 

STAFF RECOMMENDATION

 Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with High Mark Investing, LLC.