city_of_newton_regular_commission_meeting_agenda_a.pdf
Newton Sells Industrial Lots to Beran Concrete for $60,000
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Description
The City of Newton is approving a Real Estate Purchase and Sale Agreement to sell two industrial park lots at 810 and 820 Industrial Road to Beran Concrete, Inc. for $60,000, with required site improvements by December 31, 2026 and a reversionary clause if conditions are not met.
Contract Details
Contract Amount
$60,000
Vendor
BERAN CONCRETE INC
Agency
City of Newton, KS
Contract Type
FACILITIES
Document Date
August 12, 2025
Contract Term
Closing in 2025 with required improvements by December 31, 2026
Renewal Date
2026-12-31
Renewal Info
One-time property sale with performance-based reversionary interest allowing the City to reacquire the property if specified improvements are not completed by December 31, 2026.
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