Suisun City Council Agenda Packet 2026-05-26
Housing Authority Advances Sale of 707 Main Street
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Description
The Suisun City Housing Authority is set to sell 707 Main Street to CF Suisun 1 LLC for a net $20,350 after accounting for demolition costs. The sale of the long-vacant, unsafe building is expected to close in August 2026.
Contract Details
Contract Amount
$20,350
Vendor
CF SUISUN 1 LLC
Agency
City of Suisun, CA
Contract Type
OTHER
Document Date
May 26, 2026
Contract Term
Close of escrow anticipated August 2026
Renewal Date
2028-08-31
Renewal Info
Purchase and Sale Agreement requires the buyer to enter into a Development Agreement within 24 months of escrow closing; the City holds a one-year repurchase option thereafter with reimbursement of demolition costs beyond the credited amount plus 3% simple interest.
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