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Vonage-lot closing stalled by prior SBA lien; lien release recorded but county filing pending
2300613 · January 22, 2025
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Summary
The EDA reported progress on the sale of a city-owned lot to a buyer known colloquially as the Vonish/Vonage purchaser: the SBA-related lien release has been obtained but not yet recorded at the county, and staff will return with a recommendation on any renegotiated price or terms.
The board received an update Jan. 22 on a long-pending sale of a city-owned lot (the "Vonage" lot). Board members said an interested purchaser submitted a purchase order several years ago, but the sale stalled due to a neighboring property’s U.S. Small Business Administration (SBA)…
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