File #: ID#23-1306    Version: 1 Name:
Type: Action Item Status: Passed
File created: 10/13/2023 In control: City Attorney
On agenda: 11/2/2023 Final action: 11/2/2023
Title: Approve the Third Amendment to Contract for Purchase of Real Property, extending the due diligence period regarding Gotham and DeNunzio's purchase of the old City Hall site, and authorize the appropriate officials to execute same. (consent)
Attachments: 1. Third Amendment - City Hall.pdf, 2. City Hall PSA Gotham.pdf

SUBJECT/RECOMMENDATION:

Title

Approve the Third Amendment to Contract for Purchase of Real Property, extending the due diligence period regarding Gotham and DeNunzio’s purchase of the old City Hall site, and authorize the appropriate officials to execute same. (consent)

 

Body

SUMMARY: 

City staff received HR&A’s final and complete report to the City on October 11.  This report has been shared with the City Council, the Buyers, and the media.  Now that the report has been finalized, city staff are engaging in conversations with the Buyers.  Those conversations will likely continue beyond October 31, when the due diligence period expires.  As a result, the parties propose an extension.

 

STRATEGIC PRIORITY: