File #: 26-1245   
Status: Agenda Ready
File created: 2/4/2026 In control: Clark County Redevelopment Agency
On agenda: 2/18/2026 Final action:
Title: Approve the purchase of nine (9) adjacent and semi-contiguous parcels comprising a total of +/-2.76 acres of vacant land (Assessor's Parcel Numbers 161-27-212-005 to 008, 161-27-203-011 to 014 and 161-27-311-001; fund the purchase price of $2,405,000 and $10,000 for closing costs; ratify the appraisal performed by Matthews Appraisal, Inc.; and authorize the Executive Director or his designee to sign escrow documents and any other related documents to complete the transaction. (For possible action)
Attachments: 1. Staff Report, 2. 6a CC RDA Fully executived conditional offer 8.25.2025, 3. 6b CC RDA Fully executed amendment I 9.16.2025, 4. 6c CC RDA fully executed amendment II 1.14.2026, 5. 6d CC RDA revised apn 161-27-203-011 5958 Boulder Hwy_Chris Mathews

CLARK COUNTY REDEVELOPMENT AGENCY

AGENDA ITEM

 

Petitioner:

Shani Coleman, Director of Operations

Recommendation: 

title

Approve the purchase of nine (9) adjacent and semi-contiguous parcels comprising a total of +/-2.76 acres of vacant land (Assessor's Parcel Numbers 161-27-212-005 to 008, 161-27-203-011 to 014 and 161-27-311-001; fund the purchase price of $2,405,000 and $10,000 for closing costs; ratify the appraisal performed by Matthews Appraisal, Inc.; and authorize the Executive Director or his designee to sign escrow documents and any other related documents to complete the transaction. (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2350.000

Fund Name:

RP.G226014

Fund Center:

1120820001

Funded PGM/Grant:

N/A

Amount:

$2,405,000 purchase price plus $10,000 for closing costs

Description:

Property acquisition

Additional Comments:

N/A

 

BACKGROUND: 

On August 21, 2025, the Clark County Redevelopment Agency (RDA) submitted a Conditional Offer to Purchase nine (9) adjacent and semi-contiguous parcels comprising a total of +/-2.76 acres of vacant land (Assessor's Parcel Numbers 161-27-212-005 to 008, 161-27-203-011 to 014 and 161-27-311-001.  Escrow opened on August 26, 2025.

The Clark County Department of Real Property Management has completed due diligence inspections, appraisals and ALTA survey.  RDA and seller shall each pay their normal closing costs at the time of escrow closing.

The RDA intends to hold the property for future redevelopment opportunities.

This item was presented to the County's Long Range Planning Committee on January 28, 2026