City of Central Point Selling Property for $1,050,000.00
City of Central PointCity · Central Point, OR- Disclosed value
- $1,050,000.00
- From contract
- Document date
- Jan 1, 2025
The 30-second brief
City of Central Point agrees to sell property at 399 S. 5th Street, Central Point, Jackson County, Oregon to Rogue Valley Council of Governments for $1,050,000.00. The sale is contingent upon Central Point City Council approval. The Purchase Price shall be paid as follows: Execution of a Promissory Note in the amount of $1,050,000.00, to be executed by Purchaser to Seller, said Note to be secured by a Trust Deed to be recorded against the Property. The Note shall be payable in equal annual installments of $101,159.40 including interest for a term of Fifteen (15) years, with the first annual installment commencing on December 1, 2026 and continuing at annual intervals thereafter on the same day of each successive year. Interest: 5.0% per year.
City of Central Point holds this real estate purchase contract with City of Central Point. Its other public contracts on record include work for Jackson County Fire District 3 and Central Point School District 6.
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Contract details
- Contract type
- Real Estate Purchase
- Amount
- $1,050,000.00
- Document date
- January 1, 2025
- Term
- NA
- Vendor
- City of Central Point
- Agency
- City of Central Point
- Source document
- city-of-central-point-real-estate-purchase-agreement_ec5.pdf (Contract)
City of Central Point's other public contracts
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Questions about this contract
Who was awarded the real estate purchase contract by City of Central Point?
City of Central Point was awarded this real estate purchase contract by City of Central Point, as recorded on January 1, 2025. The contract value is $1,050,000.00.
How much is the City of Central Point contract with City of Central Point worth?
The City of Central Point contract with City of Central Point is valued at $1,050,000.00, covering real estate purchase work.
What type of contract is this?
This is a Real Estate Purchase contract, documented as a contract record.
Where was this contract approved?
This contract appears in city-of-central-point-real-estate-purchase-agreement_ec5.pdf (Contract), dated January 1, 2025 from City of Central Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does City of Central Point hold?
City of Central Point may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Central Point currently buying?
Explore City of Central Point's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.