Approve the purchase agreement between KGID and MA-LR Boulder LLC for the sale of KGID-owned property at 2121 Broadway, and authorize the city manager to execute it.

Moved by Nicole Speer.

Roll call

Agenda item 5C

1. Consideration of a motion to adjourn as the Boulder City Council and convene as the City of Boulder Downtown Commercial District (formerly known as the Central Area General Improvement District) (CAGID) Board of Directors
2. Consideration of a motion to approve a purchase agreement between CAGID and MA-LR Boulder, LLC, for the disposal of CAGID-owned real property located at 2121 Broadway and authorize the city manager, acting as the General Manager of CAGID, to execute the purchase agreement and all associated documents
3. Consideration of a motion to adjourn as the City of Boulder Downtown Commercial District (formerly known as the Central Area General Improvement District) (CAGID) Board of Directors and reconvene as the Boulder City Council

Time on the agenda: staff 15 min · council 75 min

What was discussed

Council convened as the KGID board and voted 7-1 to approve the $5.8 million sale of the Spruce Street parking lot to MA-LR Boulder LLC for a boutique hotel, after extensive public testimony for and against the loss of 59 parking spaces used by downtown churches and businesses.

Summarized by a language model from the meeting transcript.

This vote was read from the meeting's captions by a language model and has not been checked against minutes. How this works.