25-895A
Authorize acquisition, assumption and/or renegotiation of existing leases and property management contract from Montfort Valley View Shopping Center, LLC, of approximately 79,916 square feet of commercially improved land located near the intersection of Montfort and James Temple Drives for the 13305 Montfort Drive Acquisition Project - Not to exceed $11,310,000.00 ($11,250,000.00 plus closing cost and title expenses not to exceed $60,000.00) - Financing: Park and Recreation Facilities (B) Fund ($9,480,672.00); Mall Area Redevelopment TIF District Fund ($1,829,328.00)
What this record is
- Amount
- $11.3M
- Runs until
- no end date published in this record
- Type
- contract
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Department of Facilities and Real Estate Management
- Requested by
- Department of Facilities and Real Estate Management (FRM)
- Introduced
- February 26, 2025
- On agenda
- March 26, 2025
- Enactment no.
- 25-0451; APPROVED AS AN INDIVIDUAL ITEM