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Murray RDA approves amended development agreement allowing condos to be replaced with medical offices
Summary
The Redevelopment Agency of Murray City on Thursday approved an amendment and restatement of the real-estate purchase, sale and development agreement with Triumph Group Murray LLC that allows the developer to replace planned condominium units with a medical office building and consolidates prior amendments into a single recorded document.
The Redevelopment Agency of Murray City on Thursday approved an amendment and restatement of the real-estate purchase, sale and development agreement with Triumph Group Murray LLC that allows the developer to replace planned condominium units on the old City Hall block with a new medical office building and consolidates previous amendments into a single recorded document.
The change was requested by the developer and presented to the agency as a material amendment to the Block 1/old City Hall project. Agency staff said the restated agreement folds three earlier amendments and the new change into one document that will be recorded against the property. Chad Wilkinson, representing Triumph Group Murray LLC, told the board the developer is…
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