4.e.
TCEDC Agenda
- Meeting Date:
- 03/03/2021
- Title:
- Submitted By:
- Rhomari Jackson, Management Services
- Department:
- Management Services
ACTION REQUEST (Brief Summary)
Consider and take action on Resolution No. 21-04, approving the sale of TCEDC Property located at 2102 6th Avenue North, to Meraki Homes LLC.
BACKGROUND
- Meraki Homes LLC is a single family residential builder, which has been executing redevelopment specifically in the Chelsea neighborhood.
- In November 2020, Meraki Homes staff reached out to city staff inquiring about TCEDC owned lots.
- After careful deliberation, it was determined that 2102 6th Avenue North was an optimal lot for Meraki’s next project.
ANALYSIS
- The Economic Development Corporation is requested to consider approval of a sale of TCEDC owned property to Meraki Homes LLC. This will be executed through a Special Warranty Deed.
- This further states that Meraki Homes LLC will provide full payment of $37,352 for the property.