Title
APPROVAL TO MOVE FORWARD WITH SALE OF PROPERTY FOR HOSPITALITY PROJECT
Summary
Description of Topic: (who, what, where, when, why and how much)
Bhavis Real Estate Holdings, LLC has requested the purchase of 5.18+/- acres located at the Wilson Pecan Property.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
Whereas, Bhavis Real Estate Holdings, LLC has requested the purchase of Lots 3 and 4 consisting of 5.18+/- acres located at the Wilson Pecan Property, and
Whereas, Bhavis Real Estate Holdings, LLC is requesting the first right of refusal to purchase Lot 5 consisting of the 5 +/- acres at the same price of $50,000 per acre that is not dedicated to Kindered Health Care Systems. If Kindred Health Care Systems decides not to develop on Lot 5, the developer is requesting first right of refusal at the same price per acre, and
Where...
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