Legislation Details

File #: 26-1798    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 6/30/2026 In control: City Commission
On agenda: 8/25/2026 Final action: 8/25/2026
Enactment date: 8/25/2026 Enactment #: 2026-31
Title: An Ordinance of the City Commission approving a purchase and sale agreement to include certain key terms with 475 Biltmore MOB, LLC for the purchase of an office building located at 475-495 Biltmore Way; waiving certain requirements pursuant to Section 2-1089 of Division 12 of the Procurement Code; authorizing an amendment to the FY 2025-2026 Budget to appropriate funds from the Building Reserve; providing for a severability clause, repealer provision, and providing for an effective date. Lobbyist: N/A
Attachments: 1. COVER MEMO- Purchase of 475-495 Biltmore Way- Ordinance on Second Reading 08.25.pdf, 2. ORDINANCE- Purchase of 475-495 Biltmore Way- Second Reading 08.25.pdf, 3. Purchase_Agreement_-_475-495_Biltmore_Way_EXECUTED_BY_BUYER___SELLER(40010716.1) - June 30 2026, 4. 475 Biltmore Way - Property Appraisers Summary - EXHIBIT A, 5. 495 Biltmore Way - Property Appraisers Summary- EXHIBIT B, 6. Cover Memo - 475-495, 7. Draft Ordinance 475-495, 8. EXHIBIT A - 475 Biltmore Way Legal Description, 9. EXHIBIT B- 495 Biltmore Way Legal Description, 10. Appraisal -475-495 Biltmore Way -Biltmore Medical Office- 4.14.2026, 11. Appraisal - Mercatus Valuation- 475-495 Biltmore Way- 6.30.26, 12. Purchase_Agreement_-_475-495_Biltmore_Way_EXECUTED_BY_BUYER___SELLER(40010716.1)

Title

An Ordinance of the City Commission approving a purchase and sale agreement to include certain key terms with 475 Biltmore MOB, LLC for the purchase of an office building located at 475-495 Biltmore Way; waiving certain requirements pursuant to Section 2-1089 of Division 12 of the Procurement Code; authorizing an amendment to the FY 2025-2026 Budget to appropriate funds from the Building Reserve; providing for a severability clause, repealer provision, and providing for an effective date.

 

Lobbyist: N/A

 

 

Body

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