2.b.
TCEDC Agenda
- Meeting Date:
- 02/12/2020
- Title:
- Submitted By:
- Rhomari Jackson, City Secretary
- Department:
- City Secretary
ACTION REQUEST (Brief Summary)
Consider and take action on Resolution No. 20-04, approving the sale of property located with the IBD District to Blanchard Refining Company, LLC (Marathon).
BACKGROUND
Blanchard Refining Company LLC’s offer is $2.45 per square foot. The refinery real estate contact requested we provide a formal but very simple Letter of Intent (LOI) which has been included.
The property listings for sale, to Marathon, is about 31 properties with total square feet of 185,355 and 4.2552 acres.
The property listings for sale, to Marathon, is about 31 properties with total square feet of 185,355 and 4.2552 acres.