Grand Avenue Property Acquisition
226-246 Grand Avenue
Government Code Section
54957.5
SB 343 Item Agenda:
02/14/2024
REG CC - Item #17
Overhead
View:
Downtown
Context of
Properties
Street View of Properties
Timeline
January 18, 2024 – Term Sheet signed
January 22, 2024 – Non-refundable $25,000 deposit paid January 29, 2024 – Draft PSA shared with seller (Due by February 18, 2024) February 18, 2024 – 5% refundable deposit due ($355,000) April 18, 2024 – End of 90-day due diligence period
May 17, 2024 – Deadline to close escrow (or 30-days from completion of due diligence)