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Council approves sale of 0 Dexter Road for $280,000; attorney says other offers were contingent
Summary
The council approved the second‑reading sale of city property at 0 Dexter Road to Rockwood LLC for $280,000. City attorney told the council competing offers introduced contingencies and were nonconforming to the original bid terms.
The Memphis City Council approved on March 18 a second‑reading resolution to sell a city parcel at 0 Dexter Road for $280,000 to Rockwood LLC, after city attorneys advised the body that alternate offers contained contingencies that made them nonconforming.
Attorney Wade, representing the city, told the council the lot is part of the Gardens of Grays Creek planned development and was formerly intended for a power station that was never built. He said the city received multiple offers but recommended approval of the Rockwood bid because it was a binding (non‑contingent) offer and the other bids included…
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