The source of funds for this acquisition are located in the General Capital Fund. In addition to the purchase price of $3,130,000, there will be normal and customary closing costs. These costs include, but are not limited to, an environmental assessment, survey, and title insurance, which are anticipated not to exceed $30,000. The $313,000 deposit funds required to answer the SBBC RFP will be replaced into the project that they came from.
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