City of Odessa AgendaPacket Board of Aldermen Regular Agenda 2026-05-11
City Approves Right of Refusal with Advanced Industries
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Description
The City of Odessa approved a Right of First Refusal Agreement with Advanced Industries, LLC related to vacating a portion of E. Marlow Street for employee parking and storage. The agreement grants the City the right to repurchase the vacated right of way for $10 if it is sold or no longer needed by the company.
Contract Details
Contract Amount
$10 repurchase price if exercised
Vendor
ADVANCED INDUSTRIES LLC
Agency
City of Odessa, MO
Contract Type
FACILITIES
Document Date
May 11, 2026
Contract Term
Right of first refusal remains open until the City either accepts or refuses the street repurchase
Renewal Info
Right of first refusal remains in effect until the City either refuses or exercises its option to repurchase the street segment; no fixed expiration date is specified.
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