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Purchase <br />Agreement <br />Summary <br />•Seller: Parshotam, Inc. <br />•Purchase Price: $6.15 million <br />•Appraised value: $5.8 million <br />•Estimated $85K closing costs <br />•Initial City Deposit: $184,500 <br />•Non-refundable on July 30, 2022 <br />•City has 3 – 30 day extensions\ <br />•$75,000 non-refundable after 2nd extension exercised <br />•Due diligence work has begun <br />•Phase I environmental, building needs assessment, <br />relocation plan