Common Council Regular Meeting - Includes Action Items
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Agenda Item No. H.2.
Item Requested By:
Contact Phone Number:
Type of Agenda Item:
Includes Contract Agreement, New Business
This project addresses the below Priority Area(s) and relates to the listed Specific Initiative(s):
Consider the Sale of Real Property at Tegner Street and Palm Drive to the Highest Bidder, Peggy Means for $266,000, through Bid B20-04 and Authorize the Mayor, Town Manager and Town Attorney to take all steps necessary to sell the Real Property according to the bid documents -
Vince Lorefice, Town Manager
At the Council meeting on November 4, 2019, the Council directed staff to dispose of the property at Palm and Tegner with a minimum bid of $217,210.00. The Town put the purchase of the property out to bid and received no bids, which was reported to the Council on December 16, 2019. At that meeting, the Council directed staff to wait until there was some interest in the property, then put it back out to bid, while keeping the same minimum bid.
The Town received a couple of inquires in July 2020, and put the property back out to bid with the bid opening set for August 25, 2020. The Town received two bids with the high bid at $266,000 from Peggy Means. Once Council approves the sale, this will go into escrow and is expected to close within 30 days.
I move to approve the sale of real property at
Street and Palm Drive to the highest bidder, Peggy Means for $266,000, through Bid B20-04 and authorize the Mayor, Town Manager and Town Attorney to take all steps necessary to sell the real property according to the bid documents.
Bid Packet Peggy Means
Real Estate Purchase Contract
Form Started By:
08/25/2020 12:43 PM
Final Approval Date:
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