Salt Lake County header
Share to Facebook Share to Twitter Bookmark and Share
File #: 20-1189    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 12/1/2020 In control: Committee of the Whole
On agenda: 12/8/2020 Final action:
Title: A Resolution of the Salt Lake County Council Authorizing Execution of a Reinstatement and First Amendment to Real Estate Purchase and Sale Agreement with Salt Lake Valley Habitat For Humanity and Housing Authority of the County of Salt Lake (also known as Housing Connect), and Related Documents
Attachments: 1. Staff Report, 2. Resolution for Reinstatement and First Amendment to Purchase and Sale Agreement with SLVH and Housing Connect - AATF, 3. Reinstatement and Amendment of PSA 11-12-2020 - AATF, 4. Addendum 11-12-2020 Ed sig pg (002), 5. Addendum 11-12-2020 Janice sig pg (002)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio
No records to display.

Topic/Discussion Title:
title
A Resolution of the Salt Lake County Council Authorizing Execution of a Reinstatement and First Amendment to Real Estate Purchase and Sale Agreement with Salt Lake Valley Habitat For Humanity and Housing Authority of the County of Salt Lake (also known as Housing Connect), and Related Documents
body

Description: Salt Lake County owns fee title to several parcels of real property located at approximately 4474 South Main Street, Murray, Utah, identified as Parcel Nos. 21-01-426-001, 21-01-426-002, 21-01-426-003, 21-01-426-006, and 21-01-503-014. The Salt Lake County Council approved Resolution 5698 on February 25, 2020, authorizing the County and Salt Lake Valley Habitat for Humanity, a Utah non-profit corporation and the Housing Authority of the County of Salt Lake, a body corporate and politic, sometimes doing business as Housing Connect to enter into a Real Estate Purchase and Sale Agreement for the County Property. While conducing due diligence, Buyers notified the County of certain issues that need to be addressed. In order to address the identified issues, additional time is needed to allow for the completion of due diligence, and the closing needs to be rescheduled. However, various dates in the Purchase Agreement have passed; therefore, the County and Buyers have determined that it is appropriate to enter into a Reinstatement and First Amendment to Real Estate Purchase and Sale Agreement, which will reinstate and amend the Purchase Agreement.

Requested Action: Approval

Presenter(s): Derrick Sorenson, Real Estate Manager

Time Needed: 10 min

Time Sensitive: No

Specific Time(s): No

Requesting Staff Member: Ina Landry, Administrative Services Department Assistant

Will You be Providing a PowerPoint: No

Please attach the supporting documentation you plan to provide for the packets. Agenda items must be approved by Wednesday at 11:00 am. While not ideal, if PowerPoint presentations are not yet ready, you can submit th...

Click here for full text