Ordinance O2024-0007912
Passed
Non-Routine
City Matters
City Business
Getting and Giving Land
Negotiated sale of City-owned property at 4704-4738 West Fifth Ave to and execution of redevelopment agreement with K Town BCP LLC for expansion of parking lot to service developer's new facility at 4646 W Fifth Ave
Auto-generated summary
The sale of the city property to K Town BCP, LLC is conditioned upon entering into a Redevelopment Agreement. The Mayor or the Mayor's proxy is authorized to execute a quitclaim deed conveying the city property to the developer. The purchase price will be deposited into an escrow account pursuant to an Escrow Agreement to fund the developer's approved project costs.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0007912 Committee Letter.pdf
- O2024-0007912 EDS K Town BCP LLC Raw -no Fein No..pdf
- O2024-0007912 Escrow Agree Schedule 1 Legal Descrip.pdf
- O2024-0007912 Escrow Agree Schedule 2 Disburse Joint Order Formd.pdf
- O2024-0007912 Escrow Agree Schedule 3 Contractor Work Reimburse Form.pdf
- O2024-0007912 Escrow Agree Schedule 4 Approved Costs.pdf
- O2024-0007912 Exh A Legal to Redev Agree.pdf
- O2024-0007912 Exh B Legal of 4700 Parcel to Redev Agree.pdf
- O2024-0007912 Exh C Scope Drawings to Redev Agree.pdf
- O2024-0007912 Exh D Escrow Agree Form.pdf
- O2024-0007912 Form Redev Agree Exh C.pdf
- O2024-0007912 Mayoral Introduction.pdf
- O2024-0007912 Ordinance Exh A.pdf
- O2024-0007912 Ordinance Exh B Aerial.pdf
- O2024-0007912 Yellowk DTS Cover.pdf