Cone Mill $5M Sale/Development Agreement Drafted

$5,000,000 (purchase price)

OTHER

Effective Date: Signing of PSA; Closing: Earlier of 30 days after all permits or 30 months after Effective Date (can extend for delays in Brownfields agreement); Brownfields period: 9 months + up to 6 months extension; Examination period: 3 months + up to 2 months extension; Permitting: 3 months after exam period

2027-04-28

Agreement includes option for examination and Brownfields period extensions. Closing may be extended if Brownfields period exceeds 9 months, up to a maximum of 15 months. Buyer may extend the examination period for two additional 30-day intervals. Permitting period can extend along with examination period.

AgendaPacket