9050 Washington purchase option approved
City of CulverCalifornia- Detected
- Sep 28, 2026
- 36 days ago
- Sector
- Capital Projects
- Est. value
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From the meeting
At its September 28, 2026 meeting, the council and Public Finance Authority approved the form of a purchase option agreement with CF CC Investor LLC for 9050 Washington Boulevard and authorized $375,000 in earnest money plus up to $500,000 for due diligence. The deal is not a final purchase, but site control has moved forward and the city is evaluating financing, use, and project feasibility. CF CC Investor LLC is the key counterparty for any follow-on transaction.
- Meeting date
- September 28, 2026
- Agency
- City of Culver
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