Common Contracts

1 similar Purchase Agreement contracts

Downtown Redevelopment Project – Purchase Agreement Consideration
Purchase Agreement • March 19th, 2025 • Minnesota

For the past 6 months, the City has been working with several different development groups relating to the redevelopment of the downtown properties. As has previously been noted, the owner of the 5210 Main Street property had an open purchase agreement (until last week) with the development group that the City had cancelled our agreement with last fall. The City has had recent discussions relating to the purchase of this property and is in the process of reviewing possible purchase scenarios with the owner’s representative.