City of Corinth Council Meeting Agenda February 2026
City Acquires Land from Economic Development Corporation
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Description
The City of Corinth Council authorized acquisition of approximately 3.54 acres of property from the Corinth Economic Development Corporation at a nominal cost, subject to use for economic development within five years. The Performance Agreement includes reversion terms if the property is not used per the agreement.
Contract Details
Contract Amount
Not to exceed $10.00 and other good and valuable consideration
Vendor
CORINTH ECONOMIC DEVELOPMENT CORPORATION
Agency
Town of Corinth, KS
Contract Type
OTHER
Document Date
February 19, 2026
Contract Term
Effective February 19, 2026; subject to reversion if economic development clause not met (up to 5 years)
Renewal Date
2031-02-19
Renewal Info
Performance Agreement signed February 12, 2026 governs transfer; title reverts back to CEDC if economic development requirements unmet within five years.
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