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File #: CON 22-15    Version: 1 Name: PSA Geston Duffy Company 4.22 acres
Type: Contract Status: Passed
File created: 3/31/2022 In control: City Council Regular Meeting
On agenda: 4/19/2022 Final action: 4/19/2022
Title: The Mayor and City Council shall discuss and take action to approve a Purchase and Sale Agreement and Escrow Instructions with Geston Duffy Company, LLC, for the sale of approximately 4.22 acres of real property generally located on the southeast corner of W. Edison Rd. and N. Wilson Ave., for an approximate purchase price of $1,424,629.80 which represents $7.75 per sq ft, and authorizing the City Manager to execute the agreement, any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to approve a Purchase and Sale Agreement and Escrow Instructions with Geston Duffy Company, LLC, for the sale of approximately 4.22 acres of real property generally located on the southeast corner of W. Edison Rd. and N. Wilson Ave., for an approximate purchase price of $1,424,629.80 which represents $7.75 per sq ft, and authorizing the City Manager to execute the agreement, any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

The City desires to sell approximately 4.22 acres of real property generally located on the southeast corner of W. Edison Rd. and N. Wilson Ave.

 

 

STAFF RECOMMENDATION

Staff recommends approval of the Purchase and Sale Agreement and Escrow Instructions with Geston Duffy Company, LLC , and authorizing the City Manager to execute the agreement, any future amendments to extend closing and any other necessary closing documents related to this agreement.