City of Moberly Work Session Agenda May 4, 2026
City to Acquire Rentha Properties Through Cooperative Deal
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Description
The City of Moberly plans to enter a cooperative agreement with Rentha, LLC to acquire four problem properties in exchange for forgiving various liens, special tax bills, and judgments. The City will assume demolition and abatement responsibilities to clear titles and enable future infill and commercial redevelopment.
Contract Details
Vendor
RENTHA LLC
Agency
City of Moberly, MO
Contract Type
OTHER
Document Date
May 4, 2026
Contract Term
Closing to occur within 90 days after the agreement’s effective date
Renewal Info
Single cooperative real estate conveyance; not structured as a renewable contract. Closing must occur within 90 days of the effective date, after which the agreement obligations are performed.
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