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City Option Agreementpending

city-of-hillsboro-agenda-2025-05-27_991.pdf

Hillsboro Land Bank Secures Option to Repurchase Property

$1.00City of HillsboroHillsboro LAND BANKMay 27, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Hillsboro Land Bank secures an option to repurchase property for $1 if construction is not started by February 1, 2026. The option has a term of three years

Contract Details

Contract Amount

$1.00

Vendor

Hillsboro LAND BANK

Agency

City of Hillsboro, IA

Contract Type

City Option Agreement

Document Date

May 27, 2025

Contract Term

3 years

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