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4. C. 5.
Vicki Martin, Administrative Specialist II
Approval of purchase of property from Hope For Families, Inc. near the southwest corner of Broadway and Danforth, (Purchase price of $28,896.00 plus closing costs).
City staff has been negotiating with Hope For Families, Inc. for the purchase of a small parcel of property (2,408 sq. ft.) adjacent to the City's IT facility near the southwest corner of Broadway and Danforth. The property purchased will allow the City to expand its parking for the IT facility. The parties have reached an agreement as to the purchase price of $28,896.00. Upon approval the City will proceed with the closing of the transaction.
Motion to Approve.
Posted City Council Agenda.
Budgeted Item Y/N or N/A:
339001-8403 Rental Property Fund - Land Purchase
No file(s) attached.
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