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Commission given update on signed purchase agreement for Scott Park parcel; closing date pending
Summary
Staff reported the Redevelopment Commission has a signed purchase agreement for a Scott Park property; closing has not been scheduled and a future resolution to appropriate funds will be required prior to closing.
City staff updated the Redevelopment Commission that a signed purchase agreement is in place for the Scott Park property and that Denali Title and the city’s title agent are coordinating closing preparations.
Staff said no closing date has been set; signatures are being finalized and staff will notify commissioners when the closing is scheduled. The commission was told a resolution to appropriate funds to complete the purchase will be required, and staff and commissioners discussed who might attend the closing (city staff or commission members) depending on schedules.
No formal action was taken at the meeting; staff said they had addressed related items at a prior special meeting and will return with the closing date and the required resolution to appropriate funds.
