TL;DR
The City Council voted unanimously to sell a city-owned home at 546 W. 2525 S. to Jordan and Stephanie Abrams for $630,000. The city bought the home in 2024 to widen 500 West. The council also approved a short-term lease so the buyers can live in the home before the sale closes. The lease runs from August 19 to September 4, 2026, and costs $1,462.
6 sections
What was decided
2 items
- Item 3: Sale of the home at 546 W. 2525 S. After a public hearing with no speakers, the council authorized the city to sign the Real Estate Purchase Contract (REPC), the contract for the sale. The buyers are Jordan and Stephanie Abrams, and the price is $630,000. The motion was made by Councilmember Pollard and seconded by Councilmember Cragun. All voted in favor. This ends the city’s ownership of a home it bought for a road project that was later changed.
- Item 4: Short-term lease for the buyers. The council authorized a short-term lease of the same home to the Abrams family before closing. Councilmember Pollard made the motion and Councilmember Robertson seconded it. All voted in favor. The family asked for the lease so they can enroll their children in the Davis School District, which requires a local address.
What was discussed
5 items
- Item 3: Background and legal findings. Mayor Maughan said the property was first bought for road expansion. After the plan changed, the property was offered for sale. Assistant City Manager Stephen Marshall said Utah law requires the council to make certain findings on the record before approving a sale. The council must find that the sale is in the public interest and follows applicable laws. It must also disclose the buyer and the price. Mr. Marshall named the buyers and the price. He also said the offer was higher than the April 15, 2026 appraisal of $603,000. The council raised no other questions or concerns.
- Item 3: How the buyer was chosen. The home was listed on July 9, 2026 for 30 days, as the council had requested. The city received 4 offers. The packet says the Abrams offer was the highest and best after realtor fees, concessions, and title and escrow costs. The packet’s contract form lists a starting price of $619,000, with an escalation clause that could raise it to no more than $642,000. A later counteroffer in the packet sets the price at $630,000.
- Item 3: Contract terms. The home is sold “as is.” The contract depends on the buyers getting a loan. It also depends on the sale of the buyers’ current home in Gilbert, AZ. The packet lists these deadlines: seller disclosures August 21, 2026; due diligence (the buyers’ inspection period) August 28, 2026; financing and appraisal September 8, 2026; and settlement September 18, 2026.
- Item 4: Lease terms. Mr. Marshall said the lease rate was set from market comparables. He said renting before closing carries some risk but called it minimal because the lease is short and the tenants are the intended buyers. The council offered no objections. Under the lease, the city pays water, gas, electricity, sewer, stormwater, and garbage. The tenants pay other utilities such as phone and internet.
- Following the vote on Item 4, Councilmember Pollard welcomed the Abrams family on behalf of the council. Mr. Marshall said the lease would be signed and paid the next morning, August 19, and the family could then move in. The meeting adjourned at 6:12 p.m.
Money
5 items
- Sale price: $630,000. The city’s appraisal on April 15, 2026 was $603,000.
- Sale breakdown from the packet: buyer and seller commission -$28,350; concessions $0; title, escrow, and closing -$3,855; net proceeds to the city $597,795.
- The city bought the home in 2024 for $677,843. This included relocation costs for the residents who lived there.
- Earnest money (the buyers’ deposit) is $5,000 in the original contract form. The later counteroffer says $2,500 becomes non-refundable after the due diligence deadline, unless the home does not appraise at the contract price.
- Lease: $1,462 paid in advance for the initial term, then $86 per day if the lease is extended.
Public comment
No one spoke during the public comment period or at the public hearing on Item 3.
Coming up
3 items
- The lease runs from August 19 to September 4, 2026. The parties can extend it by written agreement to no later than September 18, 2026. If the buyers have not closed by then, they must remove their belongings and return the home within 72 hours.
- The contract’s settlement deadline is September 18, 2026.
- For future meetings, the agenda says public comment can be emailed to City Recorder Cassie Brown at [email protected] by 4:00 p.m. on the day of the meeting. Comments sent by the deadline are read into the record.
Sources
4 items
- Agenda packet: 08-18-26 special meeting packet.pdf
- Official minutes: 08-18-26 FINAL special.pdf
- Notice: Utah Public Notice Website
- This summary was drafted from: the agenda packet, the official minutes
Unofficial summary. The city’s documents and video are the record.
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