Authorize termination of a ninety-nine year ground lease agreement, including the exercise of the right of eminent domain if such becomes necessary; from Retail PropCo Borrower, LLC, of a tract of land containing approximately 26,666 square feet located near the intersection of Cedar Springs Road and Oak Lawn Avenue for the Fire Station No. 11 Project - Not to exceed $79,000.00 ($75,000.00, plus closing costs and title expenses not to exceed $4,000.00) - Financing: Public Safety Facilities (F) (2024 General Obligation Bond Fund)

Committee

Department of Facilities and Real Estate Management

Requested by

Department of Facilities and Real Estate Management (FRM)

Introduced

February 4, 2026

On agenda

February 25, 2026

Enactment no.

26-0437; APPROVED

Where it was heard

City Council Feb 25, 2026

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