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Arvin successor agency extends Kosmont Realty agreement, authorizes sales effort through April 2027 (Agreement No. 2026-11)
Summary
The Successor Agency approved a fifth amendment to its pre-disposition real estate advisory and brokerage agreement with Kosmont Realty, extending the term to April 7, 2027 and authorizing the City Manager/Executive Director to execute related documents. Vote was unanimous (5-0).
The Successor Agency to the Arvin Community Redevelopment Agency voted April 28, 2026 to approve a Fifth Amendment to its Pre-Disposition Real Estate Advisory/Due Diligence Services and Brokerage Services Agreement with Kosmont Realty. The amendment extends the agreement term from April 7, 2026, to April 7, 2027, and includes exclusive authorization to sell specified Agency-owned parcels (listed by APN in the minutes). The action was approved 5-0; the minutes list the item as Agreement No. 2026-11.
Councilmember Horton moved to approve the amendment and to authorize the City Manager/Executive Director to execute all related documents; Councilmember Tarver seconded and the motion carried unanimously. The minutes enumerate APNs covered by the authorization but do not provide sale prices or prospective buyers.
