Report Prepared by: Frank Quintero, Deputy City Manager
Title
SUBJECT: Approval of a Proposed Purchase and Sale Agreement with MAIPG1, LLC, for a ?1.60-Acre Site in the Airport Industrial Park for $104,544.00 Located at 2080 Grogan Avenue Also Known as APN 059-030-026 for the Construction of an Industrial Building
REPORT IN BRIEF
Council will consider the terms contained in the Purchase and Sale Agreement for the disposal of a 1.60-acre site formerly known as the Merced County dog pound in the Airport Industrial Park for $104,544.00 for the construction of an industrial building.
RECOMMENDATION
City Council - Adopt a Motion:
A. Approving the terms of the Purchase and Sale Agreement with MAIPG1, LLC.; and,
B. Appropriating $6,273.00 from the proceeds of the sale to pay for Real Estate Commission; and,
C. Authorizing the City Manager or Deputy City Manager to execute the necessary documents.
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ALTERNATIVES
1. Approve as recommended by Staff; or
2. Approve, subject to conditions as specified by the City Council; or,
3. Refer to staff for reconsideration of specific items as requested by the City Council; or
4. Defer action until a specific date; or
5. Deny the request.
AUTHORITY
Charter of the City of Merced, Section 200; Merced Municipal Code Section 2.36.20
CITY COUNCIL PRIORITIES
City of Merced 2021-2022 Adopted Budget, Section 7, Economic Development - Airport Industrial Park, Goals - "Continue working with developers interested in speculative building projects on all properties in the Airport Industrial Park."
DISCUSSION
Staff has been in negotiations with representatives from MAIPG1, LLC, for the purchase and development of 1.6-acres in the Merced Airport Industrial Park. The subject site consists of one whole lot located at 2080 Grogan Avenue, and is also known as Assessor's Parcel Number 059-300-026 (Attachment 1). The developer agrees to purchase the subject site for $104,544.00 subject to the terms and conditions containe...
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