City of Moberly Council Work Session Agenda April 06, 2026
Infill development deal for 540 West End Place
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Description
The City of Moberly intends to transfer the vacant lot at 540 West End Place to 540 West End, LLC for $1.00 under an infill development agreement. 540 West End, LLC will deposit $1,000, cover all development costs, and build a new residence within 18 months of the agreement’s 2026 effective date.
Contract Details
Contract Amount
$1,000.00 deposit; purchase price $1.00 plus construction costs
Vendor
540 WEST END LLC
Agency
Moberly Special Road District, MO
Contract Type
FACILITIES
Document Date
April 6, 2026
Contract Term
Developer must submit building plans and apply for permit within 6 months of Effective Date in 2026, begin construction within 30 days of permit issuance, and complete residence within 18 months of Effective Date.
Renewal Info
Agreement lasts until a Certificate of Occupancy is issued for the residence; the $1,000 deposit is refundable upon completion. Failure to perform allows the City to record a quit-claim deed returning title. No renewal options are provided.
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