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City approves lease with option to buy Truxton Towers to relocate police and consolidate offices
Summary
Council approved a five‑year lease with an option to purchase the Truxton Towers office and parking complex and authorized staff to begin due diligence; city staff said the deal would save near‑term lease costs, provide 292 parking stalls downtown, and address police space needs, while council pressed for seller financials and lease details.
The Bakersfield City Council voted on March 11 to authorize a lease of the Truxton Towers property at 1430–1440 Truxton Avenue with an option to buy the building, approving staff to begin due diligence and to move forward as presented.
City staff framed the acquisition as a fiscal and operational opportunity. The deal as presented includes a five‑year lease with an initial base monthly rent shown in the presentation as $34,600 (plus utilities and common area charges); an option to purchase the property was described as $13.6 million if closed by Aug. 15, 2026 and a higher amount if the purchase is delayed into 2027. Staff emphasized the property's 292‑stall parking structure and proximity to the courthouse and existing municipal buildings as key public‑value components. City negotiators said some floors would require little change to…
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