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Priceville council authorizes $1.85 million park property purchase and extends contract deadline
Summary
The Priceville City Council authorized extending a purchase contract deadline to March 13 and approved proceeding with a $1,850,000 purchase of property for a city park; council also approved several related routine motions needed to close on the property.
The Priceville City Council voted to allow the mayor to sign a second addendum extending the deadline for the purchase of property intended for a city park, and approved moving forward with the purchase at a total price of $1,850,000.
During discussion, the presiding official (identified in the transcript as the mayor) said the addendum extends the deadline from Feb. 27 to March 13 so the city can finalize closing documents. The council voted after a motion and second, and the motion passed by roll call.
Council members discussed preparing paperwork with Traditions (the buyer/seller/closing party referenced in the packet) so closing can proceed on or before the new deadline. The mayor told the council the purchase price is $1,850,000 and asked the council to authorize staff to complete the required documents so the mayor may sign the closing contract.
Votes recorded in the meeting transcript show the motion to extend the deadline and to proceed with the purchase were seconded and approved by council members present. No formal amendments to the price were proposed at the meeting.
Next steps: staff was authorized to prepare closing paperwork and the mayor was permitted to sign the addendum and closing documents so the purchase can close by March 13 (the transcript records that date as the extended deadline).
