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EDA approves purchase agreement for 1.19-acre Lehi parcel; staff to order Phase 1 study
Dayton Economic Development Authority · October 15, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The EDA approved Resolution 02/2024 to proceed with a purchase agreement for roughly 1.19 acres (Lehi property) at a purchase price of $150,000 with $10,000 earnest money; staff will obtain missing estate-signing documents, order a Phase 1 environmental study and aim for a closing by year-end.
Staff presented a purchase agreement packet for the Lehi property (approximately 1.19 acres). Key terms presented to the commission included a purchase price of $150,000, earnest money of $10,000, a contingency date of Dec. 1 (after which the earnest money becomes…
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