CONTRACTPENDING

City Buys Property from J & R Properties

Disclosed value: $4,330,000; From agenda
Document date: Feb 3, 2025

What it covers

The City is authorizing the execution of a Purchase and Sale Agreement with J & R Properties of Wisconsin LLC for the purchase of the property located at 1814 S. Park Street for land banking purposes. The total expenditure for this project, including environmental assessment, title work, closing costs, holding costs, and demolition work, is $4,330,000.

Who holds it

J & R Properties of Wisconsin holds this purchase and sale agreement contract with Madison Community Development Authority. Its other public contracts on record include work for City of Madison.

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Contract details

Contract type: Purchase And Sale Agreement
Amount: $4,330,000
Document date: February 3, 2025
Term: NA
Vendor: J & R Properties of Wisconsin
Agency: Madison Community Development Authority
Source document: city-of-madison-finance-committee-agenda-february-3-2025_800.pdf (Agenda)

J & R Properties of Wisconsin's other public contracts

Madison Community Development Authority, WisconsinJ & R Properties sale agreement under consideration · Feb 3, 2025$4.3M Madison Community Development Authority, WisconsinCity buys property for land banking for $4.3M · Feb 3, 2025$4.3M City of Madison, West Virginiacity-of-madison-agenda-2025-02-03_d81.pdf · Feb 3, 2025$4.3M City of Madison, West VirginiaJ & R Properties Land Banking Purchase Approved · Feb 3, 2025$4.3M City of Madison, WisconsinCity buys property from J & R Properties for $4.33M · Feb 3, 2025$4.3M

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Questions about this contract

Who was awarded the purchase and sale agreement contract by Madison Community Development Authority?

J & R Properties of Wisconsin was awarded this purchase and sale agreement contract by Madison Community Development Authority, as recorded on February 3, 2025. The contract value is $4,330,000.

How much is the J & R Properties of Wisconsin contract with Madison Community Development Authority worth?

The J & R Properties of Wisconsin contract with Madison Community Development Authority is valued at $4,330,000, covering purchase and sale agreement work.

What type of contract is this?

This is a Purchase And Sale Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-madison-finance-committee-agenda-february-3-2025_800.pdf (Agenda), dated February 3, 2025 from Madison Community Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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