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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)

CONSENT AGENDA Approved as an Individual Item Introduced February 26, 2025

What this record is

Held by
Montfort Valley View Shopping Center, LLC
Amount
$11.3M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract

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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

Where it was heard

City Council Mar 26, 2025

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