Title:
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Approve the purchase of 900 Liberace Ave located on APN#162-10-510-029 which consists of a +/- 1.14 acre developed parcel with four two-story retail/office buildings containing a gross building square footage of 72,500; fund the purchase price of $6,500,000, and $10,000 for closing costs; ratify the appraisal dated October 29, 2023 by Britton-Adamo Group/ROI Appraisal; and Authorize the Director of Operations to sign escrow documents and any other related documents to complete the transaction and management of the leases. (For possible action)
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