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Council authorizes signing of $450,000 Chapoton St. Annex purchase agreement
Summary
Council ratified a previously negotiated $450,000 purchase agreement with Mario Kiezi for the Chapoton Street Annex, confirming due-diligence, a 150-day inspection period and a 10-year buyback option and authorizing the mayor to sign.
The City Council voted July 14 to authorize Mayor Calandrino to sign the purchase agreement for the Chapoton Street Annex property, a transaction previously agreed in principle on April 14, 2026.
The purchase price is $450,000; the agreement includes a due-diligence window, a 150-day inspection period and a 10-year buyback option for the seller. The motion (Terenzi moved; Dionne seconded) passed by roll call with all members voting in favor.
