Title
ORDINANCE NO. 24O-02-108: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE COMMERCIAL CONTRACT AMONGST THE CITY OF LAUDERHILL, THE LAUDERHILL COMMUNITY REDEVELOPMENT AGENCY, AND TOBOLSKI, LLC. FOR THE PROPOSED PURCHASE OF THE COMMERCIAL REAL ESTATE LOCATED AT 1451 N.W. 31ST AVENUE, LAUDERHILL, FLORIDA INCLUDING THE EQUIPMENT AND FIXTURES IN THE AMOUNT OF $2,150,000.00 PLUS THE SELLER’S CLOSING COSTS CONTINGENT UPON THE RESULTS OF THE DUE DILIGENCE AND ENVIRONMENTAL STUDY; AUTHORIZING THE CITY MANAGER, CRA EXECUTIVE DIRECTOR, AND CITY ATTORNEY TO NEGOTIATE ANY MODIFICATIONS DEEMED NECESSARY DEPENDING UPON THE RESULTS OF THE DUE DILIGENCE AND ENVIRONMENTAL STUDY FINDINGS; PROVIDING THAT THE CITY MANAGER AND CRA EXECUTIVE DIRECTOR ARE AUTHORIZED TO EXECUTE ANY DOCUMENTS NECESSARY TO GIVE EFFECT TO THIS ORDINANCE; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
An Ordinance approving the Commercial Contract for Purchase between the City of Lauderhill, the Lauderhill Community Redevelopment Agency (CRA) and Tobolski, LLC for the proposed purchase of the commercial real estate located at 1451 N.W. 31st Avenue, Lauderhill, Florida including the equipment and fixtures in the amount of $2,150,000.00 plus the Seller's closing costs contingent upon the results of the due diligence and environmental study.
Need:
To approve the Commercial Contract for a proposed purchase of commercial real estate located at 1451 N.W. 31st Ave.
Summary Explanation/ Background:
The City of Lauderhill, in conjunction with the Lauderhill Community Redevelopment Agency (CRA), have proposed to purchase the commercial real estate located at 1451 N.W. 31st Avenue, Lauderhill, Florida including the equipment and fixtures in the amount of $2,150,000.00 plus the Seller's closing costs contingent upon the results of the due diligence and environmental y. If the results are not favorable, the City and CRA will h...
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