File #: CON 21-06    Version: 1 Name: PSA K&T sale of 4.22 acres
Type: Contract Status: Passed
File created: 4/14/2021 In control: City Council Regular Meeting
On agenda: 4/20/2021 Final action: 4/20/2021
Title: The Mayor and City Council shall discuss and possibly take action on approving a Purchase and Sale Agreement and Escrow Instructions with K & T Legacy Investments, LLC, for the sale of 4.22 acres generally located on the northeast corner of W Edison Rd and N Wilson Ave, for $1,241,736.75 and authorizing the City Manager to execute any necessary documents related thereto.  Discussion and Action.  
Attachments: 1. K T Legacy PSA. Clean 2021 0414 (00153472xEC0B8).pdf, 2. K&T Legacy PSA. Clean 2021 0414 Signed by KTLI

TITLE

The Mayor and City Council shall discuss and possibly take action on approving a Purchase and Sale Agreement and Escrow Instructions with K & T Legacy Investments, LLC, for the sale of 4.22 acres generally located on the northeast corner of W Edison Rd and N Wilson Ave, for $1,241,736.75 and authorizing the City Manager to execute any necessary documents related thereto.  Discussion and Action.  

 

AGENDA ITEM DESCRIPTION

The City desires to sell 4.22 acres of land located on the northeast corner of W Edison Rd and N Wilson Ave.

 

STAFF RECOMMENDATION

Staff recommends approval of the Purchase and Sale Agreement and Escrow Instructions with K & T Legacy Investments, LLC.