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CRA moves forward on purchase contract for 514 West First Street with $3,000 deposit
2832013 · March 14, 2025
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Summary
Staff said the CRA will buy 514 West First Street for $50,000, placing a $3,000 deposit and taking a 120-day due-diligence period; the CRA advisory board unanimously recommended approval at its March 6 meeting, and the closing would follow the due-diligence period if not terminated.
Staff presented a purchase contract under which the Community Redevelopment Agency (CRA) would buy 514 West First Street for $50,000. The CRA would place a $3,000 deposit and take a 120-day due-diligence…
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