Legislation Details

File #: 25-578    Version: 1 Name:
Type: Resolution Status: Passed
File created: 9/23/2025 In control: City Council
On agenda: 10/6/2025 Final action: 10/6/2025
Title: Resolution approving a non-binding term sheet between the City of Seguin and GFNT, LLC. for the proposed redevelopment of The Nolte Project; authorizing the City Manager to execute the term sheet; and providing future considerations of a definitive Property Conveyance and Development Agreement. - Josh Schneuker, Director of Economic Development
Attachments: 1. 10.06.25 Nolte Project Term Sheet (CC Memo), 2. 10.06.25 Nolte Project Term Sheet (CC Resolution), 3. GFNT & COS Nolte Project Term Sheet (Final), 4. GFNT & COS Exclusive Negotiating Agreement (Signed-07.16.25)

Title

Resolution approving a non-binding term sheet between the City of Seguin and GFNT, LLC. for the proposed redevelopment of The Nolte Project; authorizing the City Manager to execute the term sheet; and providing future considerations of a definitive Property Conveyance and Development Agreement. - Josh Schneuker, Director of Economic Development