File Number:  15-00191

Land Sale: 4238 Thomas Ave N

Considering resolution authorizing sale of property to Amburg Inc for $15,100, subject to conditions: a) land sale closing must occur on or before 90 days from the date of City Council approval; b) payment of holding costs of $300 per month if the land sale closing does not occur on or before the closing deadline. The sale conditions may be waived or amended with approval of the CPED Director.

If Amburg Inc fails to close, approve the sale to Jenny Investments LLC for $12,000, subject to conditions: a) land sale closing must occur on or before 30 days from date of City notification; b) payment of holding costs of $300 per month from the date of notification to the date of closing if the land sale closing does not occur on or before 30 days from the date of City notification. The sale conditions may be waived or amended with approval of the CPED Director.

Originating Department:  Community Planning and Economic Development

Supporting Documents:

Legislative History:

Feb. 17, 2015: CDRS Agenda

Feb. 17, 2015: CDRS Committee Report

Feb. 27, 2015: City Council Agenda

Feb. 27, 2015: Official Proceedings

March 2, 2015: Official Act

Last updated Jun 12, 2015

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