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Talent council authorizes purchase of 49 Towne Avenue for community resource center using CDBG funds
Summary
City council approved a purchase-and-sale agreement for 49 Towne Avenue at $1,160,000, to be funded by a $1.5 million Community Development Block Grant for a Talent Community Resource Center; closing expected in early August pending seller board approval.
The Talent City Council authorized the city manager to sign a purchase-and-sale agreement for 49 Towne Avenue for $1,160,000, using a $1,500,000 Community Development Block Grant (CDBG) that the city received to establish the Talent Community Resource Center.
Council approval came after a staff presentation that said the agreed price is more than 5% below the seller's listed price and that the seller (Assante)…
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