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Corinth council approves purchase-and-sale agreement authorization with Kairos Community Partners LLC
Summary
The council authorized a purchase-and-sale agreement allowing Kairos Community Partners LLC to purchase property at 'Crens Square', picking up from a prior action that moved the closing earlier than anticipated. Resolution number 26-02-19-06 was moved, seconded and recorded as approved; contract terms were not stated in the transcript.
The Corinth City Council voted to authorize a purchase-and-sale agreement with Kairos Community Partners LLC that will allow the company to purchase property at a site identified in the record as 'Crens Square.' City staff said the measure implements a prior action that restated timing to permit Kairos to acquire the parcel earlier than originally anticipated.
Mr. Campbell introduced the item and city staff described that the council had previously approved a restatement to allow an earlier closing. The council moved to approve resolution 26-02-19-06 authorizing the city manager to execute the purchase-and-sale agreement; a second was given and the vote was recorded as cast without a roll-call record in the transcript.
The meeting record does not include purchase price, closing dates, contingencies or other contract terms. The council went into executive session for legal advice before later returning to adopt a separate ordinance.
