File #: 19-1569    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 10/15/2019 In control: Community & Economic Development Committee
On agenda: 10/23/2019 Final action: 11/6/2019
Title: **CRITICAL TIMING** Request to accept the Amendment to the Offer to Purchase from Messenger Property Management, LLC (MPM LLC) and/or assignee to purchase only Lot 11 (removing Lot 5) in Southpoint Commerce Park Plat 1, consisting of approximately 3.25 acres, now at a purchase price of $130,000 ($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 $130,000 = $65,000)
Attachments: 1. Messenger Property Management Amendment to OTP Memo to CEDC 10-23-19.pdf, 2. WB-40 Amendment MPM LLC Lot 11.pdf, 3. Messenger Property Management OTP Memo to CEDC 6-12-19.pdf, 4. Messenger Property Management_OTP Lots 5 & 11.pdf, 5. Messenger Property Management_OTP Lots 5 & 11 pages 4,5.pdf, 6. SPCP Messenger Property Management Map.pdf, 7. SPCP Deed Restrictions.pdf

Title

**CRITICAL TIMING** Request to accept the Amendment to the Offer to Purchase from Messenger Property Management, LLC (MPM LLC) and/or assignee to purchase only Lot 11 (removing Lot 5) in Southpoint Commerce Park Plat 1, consisting of approximately 3.25 acres, now at a purchase price of $130,000 ($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 $130,000 = $65,000)