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Board reports $25,000 purchase plan for vacant lot at Jefferson and Jackson; $2,000 survey ordered
Summary
The association placed a $1,000 earnest deposit on a proposed $25,000 purchase of a vacant lot at Jefferson and Jackson and contracted a boundary survey with Rad Key Engineering for $2,000 (with $1,000 deposit) expected in two weeks.
The Leaport Urban Enterprise Association updated the board on a proposed acquisition of a vacant lot at Jefferson and Jackson.
Staff said the purchase price is $25,000 and the association made a $1,000 earnest deposit with the local broker per Mike Riley’s recommendation. The board contracted Rad Key Engineering and Surveying to perform a boundary survey for $2,000; the firm said it could complete the work in about two weeks, faster than other firms' multi-month estimates.
Board members asked routine questions about survey timing and next steps. Staff noted the survey will inform closing and any title or boundary issues before final payment or grant disbursement.
No final purchase vote was recorded in the transcript; the update served to notify the board of the deposit and the contracted survey.
