Attached is an updated Offer to Purchase from Bowtie
Properties, LLC for Lot 7 Speedway Business Park. Bowtie owns the
adjoining lot and made this same offer back in August 2020. The BOC
accepted that offer then and no upset bid was made so the BOC formally accepted
the office at its September 9, 2020 BOC meeting.
For reasons unrelated to any County performance, Bowtie did
not close on the purchase in 2020. The contract called for closing within
45 days, so now the contact has expired per its own terms. Bowtie is
again interested, so because the original contract expired, I suggested a new updated
Offer to Purchase and we will go through the same process as before with upset
bid period.
Move to conditionally accept the attached Offer to Purchase
and authorize the Clerk to run a notice for upset bids.
Once the upset bid period has expired, we will bring this
Offer back for BOC consideration and proposed final acceptance.
|