HomeMy WebLinkAbout2008-05-27city council minutesBOOK 49
SPECIAL MEETING
May 27, 2008
12:00 P.M.
PAGE 88
The Meeting was called to order by Mayor Nancolas.
The Roll of the City Council was called with the following members present: Blacker, Callsen, Dakan,
Sobba, and Hopper. Those absent: Oates.
(CONSIDER PROPERTY ACQUISITION PURSUANT TO IDAHO CODE 67 -2345,
SUBSECTION 1 (C)
E1Jay Waite, 411 Blaine Street, presented the Purchase and Sale Agreement regarding the Jensen
property acquisition and outlined the negotiated amendments and notable information located within
the document:
1) Page 2: Purchase price is noted at $300,000 with $50,000 earnest money deposit. If the purchase is
closed prior to June 6, no earnest money will be paid;
2) Page 3: Item 2 - Condition 5 (Earnest money is to be released to seller upon signing and is non
refundable under any circumstance unless seller is unable to close this transaction.) has been stricken
from the contract
3) Page 3: Aaron Seable recommends Item 8(A) to be amended to allow 3 business days to review the
preliminary title commitment;
4) Page 6: Item 20 — Correct date to read February 28, 2009 (not 2008 as shown);
5) Page 9: Item 1 (Purchasers shall deposit at closing an additional $129,000 cash for a business
interruption/site vacation fee, all proceeds [including sales price] released to seller at closing.) has been
stricken since this item pertains to the Caldwell East Urban Renewal Agency and not to the City of
Caldwell.
Mr. Waite noted that the parcel was appraised at a value of $290,000. The contract includes 216, 218,
and 220 South 7 Avenue.
The Mayor noted that Aaron Seable has reviewed the document this morning since Mr. Hilty was not
available. However, before the document is signed, Mark Hilty will closely review the contract and
research the parcels for any possible liens.
MOVED by Dakan, SECONDED by Blacker to authorize the Mayor to sign the land acquisition
agreement subject to the final approval of the City Attorney.
Roll call vote. Those voting yes: Dakan, Blacker, Callsen, Sobba, and Hopper. Those voting no: none.
Absent and/or not voting: Oates.
MOTION CARRIED
(ADJOURNMENT)
MOVED by Dakan, SECONDED by Blacker to adjourn the meeting at 12:13 p.m.
Those voting yes: unanimous.
MOTION CARRIED
APPROVED AS written THIS 2" — DAY OF JUNE 2008.
Mayor
Councilperson Councilperson
Councilperson Councilperson
Councilperson Councilperson
ATTEST:
City Clerk