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8.f.
FPRA Regular Meeting
Meeting Date:
09/12/2023
Re
Surplus Property Development Agreement
Submitted For:
Sara Hedges

SUBJECT:

Discussion on the terms within the surplus property development agreement template which has been drafted for utilization during the sale of FPRA property. 

SUMMARY:

A Template Surplus Property Development Agreement has been drafted for utilization during the sale of FPRA property, per the request of the FPRA Board. This item is for discussion on the Template terms. Each individual Agreement will subsequently come before the FPRA Board for individual approval at a later date. 

RECOMMENDATION:

This item is for discussion. The Template terms can be modified as desired.

ALTERNATIVES:

This item is for discussion. The Template terms can be modified as desired.

RESPONSIBLE STAFF:

Sara Hedges, Interim City Attorney
Shyanne Harnage, Economic Development Manager
Miriam Garcia, Redevelopment Specialist

COORDINATED WITH:

Nicholas Mimms, City Manager
Shyanne Harnage, Economic Development Manager
Miriam Garcia, Redevelopment Specialist

Fiscal Impact

OTHER INFORMATION:

N/A

Attachments