SUBJECT: Approval of a Proposed Purchase and Sale Agreement with MAIPG1, LLC, for a ±1.60-Acre Site in the Airport Industrial Park for $104,544.00 Located at 2080 Grogan Avenue Also Known as APN 059-030-026 for the Construction of an Industrial Building REPORT IN BRIEF Council will consider the terms contained in the Purchase and Sale Agreement for the disposal of a 1.60-acre site formerly known as the Merced County dog pound in the Airport Industrial Park for $104,544.00 for the construction of an industrial building. RECOMMENDATION City Council - Adopt a Motion: A. Approving the terms of the Purchase and Sale Agreement with MAIPG1, LLC.; and, B. Appropriating $6,273.00 from the proceeds of the sale to pay for Real Estate Commission; and, C. Authorizing the City Manager or Deputy City Manager to execute the necessary documents.

What this record is

Amount

$105K

Runs until

no end date published in this record

Type

purchase

Field

Construction

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

Committee

City Council/Public Finance and Economic Development Authority/Parking Authority

Introduced

December 20, 2021

On agenda

January 3, 2022

Passed

January 3, 2022