Property Purchase Agreement Review by the Board
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Questions and Answers

What did the board approve last month?

  • Development plans for the property
  • Approval of the purchase agreement
  • Notice of Intention to purchase the property (correct)
  • Escrow period extension

What is the purpose of the $25,000 included in the $800,000 price tag?

  • Fund future construction
  • Pay for property maintenance
  • Cover closing costs
  • Cover appraisal costs (correct)

What type of business is currently occupying the property on Fourth and H Streets?

  • Real estate agency
  • Restaurant
  • Law firm
  • Auto repair shop (correct)

What will happen if any issues arise with the property during the 60-day escrow period?

<p>County will have the opportunity to back out of the deal (D)</p> Signup and view all the answers

What is one of the goals of the 2020 Facilities Master Plan mentioned in the text?

<p>Creation of campus complexes (B)</p> Signup and view all the answers

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