| 1 | 2. A. | Purchase and Sale Contract - Sally Beauty 3001 Colorado Blvd | Agenda Item | Approval of: (1) Purchase and Sale Contract between Sally Beauty Supply, LLC (“Seller”), and Denton County, Texas (“Purchaser”), for the purchase of real property located at 3001 Colorado Boulevard, Denton, Texas 76210, which is further described as Lot 1, Block A, Sally Beauty Supply Company Corporate Support Center, an addition to City of Denton, Denton County, Texas, according to the Plat thereof recorded in Cabinet V, Page 335 of the Plat Records of Denton County, Texas (“the Property”), for the purchase price of $45,500,000.00, plus all applicable closing costs; (2) approval of Access Agreement between Sally Beauty Supply, LLC (“Prospective Seller”), and Denton County, Texas (“Prospective Purchaser”); (3) approval of Commercial Lease Agreement (“lease back”) between Denton County, Texas (“Landlord”), and Sally Beauty Supply, LLC (“Tenant”), for the lease of the Property located at 3001 Colorado Boulevard, Denton, Texas 76210, for a term of 12 months, with an option to extend the lease for an additional term of 3 months, at a monthly rent amount of $35,000.00, per month; (4) gra | | |
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