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File #: RES40806    Version: 1 Name: RES - Purchase and Sale and Development Agreements with Foss Harbor, LLC
Type: Resolution Status: Adopted
File created: 5/25/2021 In control: City Council
On agenda: 6/22/2021 Final action: 6/22/2021
Title: A resolution authorizing the execution of a Purchase and Sale Agreement and a Development Agreement, with Foss Harbor, LLC, in the total amount of $1,979,000, for Sites 9 and 10 on the Foss Waterway; to supersede prior agreements, update terms, and remove a previously approved and recorded covenant on Site 9. [Jennifer Hines, Assistant Division Manager; Kurtis D. Kingsolver, P.E., Director, Public Works; Pat Beard, Business Development Manager; Jeff Robinson, Director, Community and Economic Development]
Sponsors: City Council
Attachments: 1. Resolution No. 40806, 2. City Council Action Memorandum, 3. Agreements, 4. Presentation

Title

A resolution authorizing the execution of a Purchase and Sale Agreement and a Development Agreement, with Foss Harbor, LLC, in the total amount of $1,979,000, for Sites 9 and 10 on the Foss Waterway; to supersede prior agreements, update terms, and remove a previously approved and recorded covenant on Site 9.

[Jennifer Hines, Assistant Division Manager; Kurtis D. Kingsolver, P.E., Director, Public Works; Pat Beard, Business Development Manager; Jeff Robinson, Director, Community and Economic Development]