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CON 24-02

The Mayor and City Council shall discuss and take action to approve a Purchase and Sale Agreement and Escrow Instructions with Copper Sky Hotel and Residential Group, LLC for the sale of approximately 4.7 acres of real property generally located on the southeast corner of N. John Wayne Parkway and W. Bowlin Road, for an approximate purchase price of $1,467,928.77 which represents $7.17 per sq. ft, and authorizing the City Manager to execute the agreement once the Copper Sky Hotel and Residential Group LLC members are updated, any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.

Contract Passed Introduced January 4, 2024

What this record is

Held by
Copper Sky Hotel and Residential Group, LLC
Amount
$1.47M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
purchase

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Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council Regular Meeting
Requested by
City Manager
Introduced
January 4, 2024
On agenda
January 16, 2024
Passed
January 16, 2024

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