Subject:
Title
Consider adopting a Resolution Approving And Ratifying A Real Estate Purchase And Sale Agreement Dated November 9, 2023, Between Elevance Health, Inc., F/K/A Anthem, Inc. And The City Of Harrisonburg.
Body
Presented By: Chris Brown, City Attorney
Recommendation and Review
The City Manager and City Attorney have negotiated and executed a Purchase and Sale Agreement dated November 9, 2023, between the City of Harrisonburg and Elevance Health, Inc., f/k/a Anthem, Inc. (the Agreement) pursuant to which the City agreed to purchase 15.230 acres, more or less, located at 450 Mt. Clinton Pike in the City and more particularly identified in the Agreement (the Property) from Elevance Health, Inc. for the purchase price of One Million, Three Hundred Thousand Dollars ($1,300,000.00), to be used for various projects either previously approved by Council or future projects. The Agreement is subject to Council’s approval and ratification.