City of Carlsbad City Council Agenda 2026-06-23
City approves carryback sale of Chestnut Apartments
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Description
The Carlsbad City Council authorized the sale of the city-owned Chestnut Apartments property at 945 Chestnut Avenue to The Chestnut Apartments, LP via a carryback loan equal to the appraised value. The resolution allows execution of all necessary documents to complete the sale and financing structure.
Contract Details
Contract Amount
Carryback loan for appraised value of 945 Chestnut Avenue (amount not stated)
Vendor
CHESTNUT APARTMENTS LP
Agency
City of Carlsbad, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
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