File #: 19-0830    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 6/7/2019 In control: Community Development Committee
On agenda: 6/12/2019 Final action: 6/19/2019
Title: **CRITICAL TIMING** Request to approve the Offer to Purchase from Messenger Property Management, LLC (MPM LLC) and/or assignee to purchase Lots 5 and 11 in Southpoint Commerce Park Plat 1, consisting of approximately 2.32 and 3.25 acres respectively, at a purchase price of $222,800 ($40,000 per acre) and staff be 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 $222,800 = $111,400)
Attachments: 1. Messenger Property Management OTP Memo to CEDC 6-12-19.pdf, 2. Messenger Property Management_OTP Lots 5 & 11.pdf, 3. Messenger Property Management_OTP Lots 5 & 11 pages 4,5.pdf, 4. SPCP Messenger Property Management Map.pdf, 5. SPCP Deed Restrictions.pdf

Title

**CRITICAL TIMING** Request to approve the Offer to Purchase from Messenger Property Management, LLC (MPM LLC) and/or assignee to purchase Lots 5 and 11 in Southpoint Commerce Park Plat 1, consisting of approximately 2.32 and 3.25 acres respectively, at a purchase price of $222,800 ($40,000 per acre) and staff be 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 $222,800 = $111,400)