Review Agenda Item
Meeting Date: 9/19/2024 - 7:00 PM
Category: Information and Study Items
Type: Action
Subject: Property Redevelopment: Purchase and Sale Agreement - Metzler A
District Priorities:
Enclosure
File Attachment:
Draft CSD - McGuire-Bishop Purchase and Sale Agreement (Silverado)(4286879.1) (1).pdf
Summary: On March 17, 2022, the Governing Board approved Resolution 21-22-06: Intent to Exchange Interests in Real Property with Silverado Memory Care. Silverado will obtain financing from McGuire Capital Group and Bruce Bishop. The agreement will allow Cambrian School District to purchase the Real Property Interest and hold the Promissory Note and Deed of Trust.
Funding:
Recommendation: Staff recommends the Governing Board approve the Purchase and Sale Agreement with McGuire Capital Group and Bruce Bishop for Real Property Interest.
Approvals:
Recommended By:
Signed By:
Carlena Grandey - Administrative Assistant to the Superintendent
Signed By:
Kristi Schwiebert - Superintendent