File #: 26-1246   
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 six (6) adjacent and contiguous parcels consisting of partially developed and vacant land comprising a total of +/-0.93 acres (Asessor's Parcel Numbers 161-27-311-002 to 006, and 161-27-302-001.; fund the purchase price of $490,000 and $10,000 for closing costs; ratify the appraisal performed by Integra Realty Resources, 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. 7a CC RDS Fully Executived_6000 Clark Signed PSA 11.4.25, 3. 7b CC RDA fully executed amendment 1 01.13.2026, 4. 7c CC RDA Appraisal Report_6009 Clark St_Las Vegas_NV_ 89122_06.16.2025

CLARK COUNTY REDEVELOPMENT AGENCY

AGENDA ITEM

 

Petitioner:

Shani Coleman, Director of Operations

Recommendation: 

title

Approve the purchase of six (6) adjacent and contiguous parcels consisting of partially developed and vacant land comprising a total of +/-0.93 acres (Asessor's Parcel Numbers 161-27-311-002 to 006, and 161-27-302-001.; fund the purchase price of $490,000 and $10,000 for closing costs; ratify the appraisal performed by Integra Realty Resources, 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>G0226068

Fund Center:

1120820001

Funded PGM/Grant:

N/A

Amount:

$490,000 purchase price plus $10,000 closing costs

Description:

Property Acquisition

Additional Comments:

N/A

 

BACKGROUND: 

On November 3, 2025, the Clark County Redevelopment Agency (RDA) submitted a Second Conditional Offer to Purchase six (6) adjacent and contiguous parcels consisting of partially developed and vacant land comprising a total of +/-0.93 acres (Asessor's Parcel Numbers 161-27-311-002 to 006, and 161-27-302-001.  Escrow opened on November 3, 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 February 11, 2026