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Board advances revised purchase agreement for former BP site at 9401 159th Street
Summary
Trustees approved a revised purchase and sale contract for 9401 159th Street that includes a $50,000 deposit and a planned Phase 2 environmental inspection despite an existing NFR; staff said deed restrictions prevent another gas station (except BP).
The board moved to authorize the village manager to execute a revised purchase and sale contract for 9401 159th Street (the former BP site), including a $50,000 deposit and a Phase 2 environmental assessment. Staff said the parcel already has an NFR (no further remediation) but the village will still perform a Phase 2 inspection after the contract is signed; if inspection reveals unexpectedly severe contamination the village could terminate the contract and forfeit the deposit.
Staff also noted a deed restriction that prevents another gas station/convenience store at the site except BP, which staff said the village is not interested in pursuing. Trustees asked legal and staff questions about inspection contingency language and the status of deed restrictions; staff said the language has been clarified and a contractor is lined up to begin Phase 2 work as soon as the contract is executed.
