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Meeting Date:
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9/19/2024 - 7:00 PM
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Category:
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Information and Study Items
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Type:
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Action
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Subject:
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Property Redevelopment: Purchase and Sale Agreement - Metzler A
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District Priorities:
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Enclosure
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File Attachment:
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Summary:
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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.
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Funding:
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Recommendation:
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Staff recommends the Governing Board approve the Purchase and Sale Agreement with McGuire Capital Group and Bruce Bishop for Real Property Interest.
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Approvals:
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Recommended By:
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Signed By:
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Carlena Grandey - Administrative Assistant to the Superintendent
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Signed By:
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Kristi Schwiebert - Superintendent
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