San Marcos Business Selling City Contract for Fee/Permit Waivers

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San Marcos Business Selling City Contract for Fee/Permit Waivers

San Diego, CA · Member since 2016 · 28 posts · 9 votes

Long story short, my boss owns a dealership in San Marcos and was forced to move. In return, San Marcos gave him a Relocation Assistance contract. He used it and has $600k left on the contract. It can't be redeemed for cash so we need to find a buyer to liquidate that asset. 

It is fully transferable to any party, provided that party produces tax revenue for the city of San Marcos and the location of the project(s) is within city limits. 

It can be used as "financial assistance in the form of fee waivers and financing of public infrastructure requirements". An example of public infrastructure requirements are things like re-paving a sidewalk, beautifying a median, etc.

Please respond if you or anyone you know has interest in purchasing this asset at a discounted rate. Referral fees may be given where allowed by law.

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  • Residential Real Estate Broker · Winchester, VA · Member since 2014 · 136 posts · 34 votes
    9y

    Very interested. I have a project that will need to pay impact fees and connect to utilities... 

    Am I understanding that you are selling the $600K contract that can be applied to any property within the guidelines and limitations?

    Or

    Are you seeking to sell a piece of real estate with this $600K credit associated with it?

    Your description sounded like the first scenario. 

  • Residential Real Estate Broker · Winchester, VA · Member since 2014 · 136 posts · 34 votes
    9y

    I just saw that you are in California. Is this for San Marcos, Texas? Or is this a California location?

  • San Diego, CA · Member since 2016 · 28 posts · 9 votes
    9y

    Hello Clifton,

    Yes, it is San Marcos, CA which is in San Diego County and you are correct that it is a contract with the city, not a piece of real estate. 

    Feel free to PM me if you're still interested.

    Thank you!

  • Kevin FoxPro Member
    Real Estate Agent · San Diego, CA · Member since 2014 · 1k+ posts · 635 votes
    9y

    Hey @Christian Efseaff

    I'd be interested in hearing more about the offer. I have a few clients that I could potentially see this working for.

    Feel free to shoot me a PM.

    Thanks!

    Kevin

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