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AI- 22250
24.A.6.
CC REGULAR
Meeting Date:
08/03/2010
Submitted For:
Rocio Villarreal
Submitted By:
Rocio Villarreal, PURCHASING DEPT.
Department:
PURCHASING DEPT.

Information

CAPTION

Pursuant to Article 14 of the current lease agreement between Hidalgo County and Edinburg Real Estate Network, discussion and applicable action in connection with exercising County's Option to Purchase by giving notice to Lessor through a completed and executed Earnest Money Contract (form approved as Exhibit "C" in orginal Lease Agreement-attached hereto) for the price of $2,850,000.00 less any Base Rent paid through closing (as defined in Purchase Contract/Earnest Money Contract).

BACKGROUND


Fiscal Impact

FISCAL YEAR:
2010
ACCT. #:
0-1342-419-40-220-044-0-720
FUNDS AVAILABLE Y/N?:
YES
MATCHING FUNDS Y/N?:

BUDGETARY IMPACT:

CO2010A&B-MEDIPLEX-BUILDINGS- Available funds to cover purchase amount , as of 07/29/10. rc

Attachments

Form Review

Inbox Reviewed By Date
Budget and Management Erika Zamora 07/29/2010 08:15 AM
Purchasing / Internal msalazar 07/29/2010 03:03 PM
Auditor's Office 07/30/2010 05:18 PM
Form Started By:
Rocio Villarreal
Started On:
07/28/2010 04:57 PM
Final Approval Date:
07/30/2010