City of Tontitown Resolution Approving Real Estate Purchase Agreement 2026-06-01
Tontitown Approves Land Purchase from Lipspaces LLC
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Description
The City of Tontitown approved a Real Estate Purchase Agreement with Lipspaces, LLC to acquire approximately 14.15 acres on E. Fletcher Avenue for a future police department facility. The purchase price will not exceed $495,000 plus customary closing costs, funded from available city funds or financing sources.
Contract Details
Contract Amount
$495,000.00 (plus customary closing costs and expenses)
Vendor
LIPSPACES LLC
Agency
City of Tontitown, AR
Contract Type
OTHER
Document Date
June 1, 2026
Renewal Info
Single real estate acquisition; no renewals or extensions contemplated.
More from LIPSPACES LLC
Related Contracts
City of Tontitown Real Estate Purchase Agreement 2026-06-01
PENDINGtontitown_committee_of_the_whole_minutes_november.pdf
RECOMMENDEDtontitown_committee_of_the_whole_minutes_december.pdf
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City of Tontitown Committee of the Whole Agenda 2026-06-02
City of Tontitown Real Estate Purchase Agreement 2026-06-01
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