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Santaquin CDRA approves Green Hall amendment and allows buyer to assign purchase agreement
Summary
While convened as the CDRA, board members approved a construction purchase-agreement amendment for Green Hall that trims aesthetic rockwork to save about $15,000 and approved an assignment of the purchase agreement to the buyer’s landholding company to facilitate closing.
While convened as the city's CDRA, the board approved two items tied to local property development.
First, members approved an amendment to the purchase agreement for Green Hall construction that reduces some decorative rock and pillar details on the north elevation to lower costs; staff said the change preserves front-facing design and necessary code compliance and will save roughly $15,000.
Second, the CDRA approved a resolution allowing the buyer (identified in the meeting as Alika) to assign the purchase agreement to the buyer’s landholding company for titling and tax purposes. Closing was rescheduled to Thursday at 9 a.m.
