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Josephine County authorizes negotiation on sale of Dimmick Campus, agrees to possible two-year leaseback
Summary
County real property manager reported an offer at 90% of listing with outstanding loans totaling $1,245,734; board authorized staff to negotiate sale terms, including possible owner-carry, and agreed in concept to a two-year leaseback with 30-day cancellation to allow departments to relocate.
Helene Lulich, the county real property manager, told the Board of County Commissioners the county has received an offer on the Dimmick Campus that is 90% of the listing price and includes 120 days of due diligence. Lulich said the county still carries loans on the property with a combined remaining balance of $1,245,734.00.
The prospectiv…
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