Title
Consider a resolution authorizing the Mayor to execute Contract Amendment No. 3 to the Real Estate Contract with Jerry T. Bradley and wife, Linda L. Bradley.
Body
The City and the Bradleys first entered into a Real Estate Contract for the purchase of 2.029 acres on July 29, 2012. The parties entered into the first contract amendment to extend the feasibility period to 120 days after the effective date of the contract. The parties entered into the Contract Amendment No. 2 to extend the feasibility period to November 1, 2013. Because of the continued uncertainty caused by Fish and Wildlife's proposal to add salamanders to the endangered species list, the Bradleys have proposed Contract Amendment No. 3 to extend the feasibility period to June 1, 2014. Staff recommends that the Council agree to extend the feasibility period.
COST: $3,000.00
SOURCE OF FUNDS: GENERAL SELF-FINANCED CONSTRUCTION
Recommended Action
Staff Recommends Approval.