26-0187
Resolution authorizing execution of a Groundwater Rights Purchase and Sale Agreement with ERF Real Estate, Inc. to purchase 2478.69 acres of groundwater with access rights, six water wells and pipeline easements in the amount of $28,000,000.00, with $200,000.00 due within three days of executing the contract and the remainder due one year after closing, with closing to occur within 60 days of executing the contract.
What this record is
- Held by
- ERF Real Estate, Inc
- Amount
- $28.0M
- 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
- Introduced
- January 30, 2026
- On agenda
- February 10, 2026
- Passed
- February 10, 2026
- Enacted
- February 10, 2026
- Enactment no.
- 033862