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Bakersfield council approves refundable deposit for downtown property after heated debate
Summary
The council approved consent item 7H3 to move forward with a refundable earnest deposit tied to a possible purchase of property at Truxton Avenue; dissenting council members questioned timing and a $14 million purchase price before water and other larger capital needs were resolved.
After pulling consent item 7H3 for separate consideration, Bakersfield council members debated whether to appropriate funds for a refundable earnest deposit related to a potential purchase and lease of property at 1430–1440 Truxton Avenue.
City staff said the sum being appropriated is a refundable deposit to enter a due‑diligence period for a previously authorized purchase/lease option; if the city later decides not to move forward, the deposit would be returned. Staff said occupying the building…
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