Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate topic
No spam. Unsubscribe anytime.
Anna CDC adopts leaseback amendment with Bengal Anna Plaza LLC; extension limited to Dec. 31
Summary
The board adopted a first amendment to a leaseback agreement with Bengal Anna Plaza LLC requiring execution of the amendment and an executed sublease amendment with the vape shop owners in a form acceptable to CDC legal counsel; the board clarified the extension will not extend past Dec. 31.
The Anna Community Development Corporation voted to adopt a first amendment to a leaseback agreement with Bengal Anna Plaza LLC, attaching two conditions: the plaza owner must fully execute and deliver the amendment, and must deliver an executed amendment to a sublease involving the vape shop owners in a form acceptable to CDC legal counsel. The motion passed by voice vote.
During the discussion the board made clear the extension is time-limited. The presiding officer stated, “December 31 will be the last and final extension on this property,” and members confirmed there will be no extension past that date.
