Laserfiche WebLink
CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />September 27, 2023 <br />Administration <br />VIII.1 <br />TITLE OF ISSUE: <br />Cancellation of Purchase Agreement for 1737 Main Street <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />We have received notification from the potential buyer and developer of 1737 Main Street that they are seeking <br />to cancel their purchase agreement with the city, for the property. Due to a number of factors, the project has <br />become untenable. Staff supports approving the request. The attached document cancels the agreement and <br />refunds the nominal earnest money of $1. <br />The city's realtor has a potential buyer/developer who he believes will want to enter into a purchase agreement <br />in the near future. <br />COST AND SOURCE(S) OF FUNDING: <br />$1 <br />REQUESTED COUNCIL ACTION: <br />Motion to approve the cancellation of the purchase agreement with F&M Holdings (Guys and Dolls Salon) for <br />the purchase of 1737 Main Street. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br />_____ <br />Other (specify) ____________ <br /> _____ _____ <br />___ <br />_______________________________________________________________ <br />_____ <br /> _____ <br /> _____ ____________________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />