Agenda Item Title:
Authorize Mayor and Finance Director to Sign Exclusive Listing and Agency Agreement and Real Estate Relationships Disclosure with Re/Max Advantage for the Sale of Lot 3 of Owen Hibbard Subdivision (also known as 1925 Promise Road)
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/31/2022
City Council Hearing Date:
09/06/2022
Staff Contact:
Chief Jason Culberson
Agenda Item Summary:
In Resolution 2018-008, the City surplused real property commonly known as 1925 Promise Road and legally described as Lot 3, Owen Hibbard Subdivision, Rapid City, Pennington County, South Dakota (Tax ID 54433), because the property was no longer necessary for Fire Department purposes. The Fire Department now wishes to enter into an agreement with a real estate firm, Re/Max Advantage, to aid the City in the sale of the property.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve