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AGENDA ITEM REVIEW FORM |
11.
Regular City Council Meeting
- Meeting Date:
- 07/08/2015
- Department Head:
- Kay Macuil
- Submitted By:
- Kay Macuil, Assistant City Attorney, Attorney's Office
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding approval of an earnest money contract for the potential purchase of land for the intended purpose of a landfill. (Glenn Gimbut)
SUMMARY:
Land of approximately 155 acres has become available near a current landfill at County 19th and 1E which is about 5-1/2 miles from the City of San Luis. The location is suitable for a landfill for San Luis since it is near a current landfill and the City's solid waste disposal trucks would not have to incur high mileage to dump. A proposed earnest-money contract has been negotiated which would give the City 40 days to determine feasibility and suitability of the property for the purposes of a landfill and related due diligence. If the City disapproves of the land within the 40 days, then the earnest money would be returned to the City. The earnest money is in the amount of $75,000.00 the full contract is attached to this agenda. It is requested that Council approve the earnest money contract with the seller of the land, Faithful Management Systems AZ, LLC.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE EARNEST MONEY CONTRACT WITH FAITHFUL MANAGEMENT SYSTEMS AZ, LLC IN THE AMOUNT OF $75,000.00 AS PRESENTED BY STAFF.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- 75000
- BUDGETED:
- 0
- AVAILABLE TO TRANSFER:
- 75000.00
- ACCOUNT #/REMAINING BALANCE:
- 320-321-80000
FISCAL IMPACT STATEMENT:
See section 6n.266 of the purchase contract.