File #: 18-1533    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 10/17/2018 In control: Community Development Committee
On agenda: 11/28/2018 Final action: 12/5/2018
Title: Request to counter the Offer to Purchase of Lot 17, Southpoint Commerce Park, Plat 2 from New Morning Coffee Roasters, Inc. at a purchase price of $168,400 ($40,000 per acre), comprised of approximately 4.21 acres; and, contingent upon acceptance of that counter-offer, staff is then authorized to negotiate and execute a development or like agreement providing City investment in the project of up to 50% of the land purchase amount (50% of $168,400 = $84,200)
Attachments: 1. Memo on Offer to Purchase Lot 17 Southpoint Commerce.pdf, 2. New Morning Coffee Roasters_OTP_Lot 17 Southpoint Plat 2.pdf, 3. Map_Lot 17 Southpoint Commerce Park Plat 2.pdf

Title

Request to counter the Offer to Purchase of Lot 17, Southpoint Commerce Park, Plat 2 from New Morning Coffee Roasters, Inc. at a purchase price of $168,400 ($40,000 per acre), comprised of approximately 4.21 acres; and, contingent upon acceptance of that counter-offer, staff is then authorized to negotiate and execute a development or like agreement providing City investment in the project of up to 50% of the land purchase amount (50% of $168,400 = $84,200)