Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate topic
No spam. Unsubscribe anytime.
Town staff: owner has signed contract for 350 Celestial Way; council review set for the 24th
Summary
Staff announced a signed purchase contract for 350 Celestial Way, listing a $2,500,000 price and a $10 deposit; the contract will be presented to the council for review and approval on the 24th.
Staff announced that the owner of 350 Celestial Way has signed a purchase contract and that the town will bring the agreement to the council for review and approval on the 24th. The staff member said the seller has taken a $10 deposit to hold the transaction, and the purchase price discussed at the meeting was $2,500,000.
"The owner has signed the contract ... and so once it is ... taken to you all for your review and approval on the 24th, we will be officially under contract," a council participant announced during the opening of the workshop. The speaker added that staff negotiated privately with the owner to avoid alerting tenants while the agreement was finalized. The facilitator said the contract and related materials will be provided to councilors in advance of the review date.
