SUBJECT: Approval of a Proposed Purchase and Sale Agreement with Dkota Investments, Inc., for a ±3.1-Acre Site in the Airport Industrial Park for $434,005.70 Located at 157 Hawk Drive Also Known as APN 059-420-012 for the Construction of a Warehouse Building REPORT IN BRIEF Considers the terms contained in the Purchase and Sale Agreement for the disposal of a 3.1-acre in the Airport Industrial Park for $434,005.70 for the construction of an 11,478 square-foot warehouse building. RECOMMENDATION City Council - Adopt a motion: A. Approving the terms of the Purchase and Sale Agreement with Dkota Investments, Inc.; and, B. Appropriating $26,041 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

Held by

Dkota Investments, Inc 2 records across this site

Amount

$434K

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.

Dkota Investments, Inc also holds

SUBJECT: Rescind a Previously Approved Purchase and Sale Agreement with Dkota Investments, Inc, for a 3.1-Acre Site in the Airport Industrial Park, an… $384K Merced, CA

Committee

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

Introduced

August 10, 2022

On agenda

September 19, 2022

Passed

September 19, 2022