Title:
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To authorize the Town's contribution of up to 50% funding from the Town, in cash (bond) or in-kind services, towards the purchase price of the Morrell parcels.
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I. Council Action Requested.
Title
To authorize the Town's contribution of up to 50% funding from the Town, in cash (bond) or in-kind services, towards the purchase price of the Morrell parcels.
Body
II. Basis for Council Action.
Council approval of this item is required because;
a) the Council has the authority to enter into contracts as the legislative body of the Town pursuant to Article II, Section 3 (I) of the Charter and
III. Issue Summary.
Please refer to Order 21-202 for the purchase and sale agreement details.