City of New Iberia Minutes Regular Meeting 2026-05-05
City Proposes $325,000 Land Sale To BGNI LLC
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Description
New Iberia introduced an ordinance to sell surplus real estate to BGNI, LLC for $325,000 while reserving a servitude for passage and utilities. The mayor would be authorized to execute an Agreement to Sell, Cash Sale, and related documents after the June 2, 2026 public hearing.
Contract Details
Contract Amount
$325,000
Vendor
BGNI LLC
Agency
City of New Iberia, LA
Contract Type
OTHER
Document Date
May 5, 2026
Renewal Info
This is a one-time real estate sale transaction; no renewals are anticipated.
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