Stanton Ends Negotiations with Brandywine on Tina Pacific Project
City of StantonCity · Stanton, CA- Disclosed value
- $25,000 initial deposit; $5,000 per extension; potential $22,000,000 project; $17,500,000 initial purchase + $4,500,000 land loan
- From agendapacket
- Document date
- May 21, 2024
The 30-second brief
The City of Stanton and Brandywine Acquisitions Group mutually agreed to terminate their Exclusive Negotiation Agreement for the potential redevelopment of the Tina Pacific Neighborhood on May 21, 2024. The ENA, originally approved in December 2021, had been extended and was set to expire August 10, 2024, but litigation and failure to reach a deal led to early termination. Brandywine paid deposits to offset negotiation costs, but no development agreement was reached.
Brandywine Acquisitions Group holds this professional services contract with City of Stanton.
Term as filed: Initial 180 days (from Dec 14, 2021), up to 2 extensions of 90 days each. Set to expire August 10, 2024. Terminated May 21, 2024..
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Contract details
- Contract type
- Professional Services
- Amount
- $25,000 initial deposit; $5,000 per extension; potential $22,000,000 project; $17,500,000 initial purchase + $4,500,000 land loan
- Document date
- May 21, 2024
- Term
- Initial 180 days (from Dec 14, 2021), up to 2 extensions of 90 days each. Set to expire August 10, 2024. Terminated May 21, 2024.
- Agency
- City of Stanton
- Source document
- City of Stanton Council Special Meeting Agenda Packet May 2024 (AgendaPacket)
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Questions about this contract
Who was awarded the professional services contract by City of Stanton?
Brandywine Acquisitions Group was awarded this professional services contract by City of Stanton, as recorded on May 21, 2024. The contract value is $25,000 initial deposit; $5,000 per extension; potential $22,000,000 project; $17,500,000 initial purchase + $4,500,000 land loan.
How much is the Brandywine Acquisitions Group contract with City of Stanton worth?
The Brandywine Acquisitions Group contract with City of Stanton is valued at $25,000 initial deposit; $5,000 per extension; potential $22,000,000 project; $17,500,000 initial purchase + $4,500,000 land loan, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Stanton Council Special Meeting Agenda Packet May 2024 (AgendaPacket), dated May 21, 2024 from City of Stanton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Brandywine Acquisitions Group hold?
Brandywine Acquisitions Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Stanton currently buying?
Explore City of Stanton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.