Real Estate Board Resolution
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
Resolution No. 2050-001
Adopted on January 15, 2050
This resolution is adopted by the Board of Directors of [YOUR COMPANY NAME], with the purpose of authorizing specific real estate actions as outlined below.
I. Authorization to Purchase Real Estate
The Board of Directors hereby authorizes the acquisition of property located at St. Paul, MN 55101. The acquisition price is set at $1,000,000, subject to final negotiations and approval by [YOUR NAME], acting as the authorized representative.
Further, [YOUR NAME] is authorized to sign all necessary documents and coordinate with brokers and legal counsel to ensure the transaction is finalized by March 1, 2050.
II. Approval for Leasing Office Space
The Board approves entering into a lease agreement for office space at Buffalo, NY 14201. The lease terms are summarized below:
Lease Term | Monthly Rent | Renewal Option | Authorized Signatory |
|---|
5 years | $10,000 | 2 additional years | [YOUR NAME], CEO |
The lease agreement must be finalized no later than February 28, 2050.
III. Authorization to Secure Financing
The Board resolves to secure financing of up to $750,000 from Grandeco Bank for the development of the property located at Cincinnati, OH 45201. [YOUR NAME] is authorized to negotiate loan terms and execute the financing agreement.
The financing shall be secured by April 15, 2050, and terms must align with the company’s financial policies.
This resolution is adopted and recorded on January 15, 2050, and remains effective until rescinded or amended by the Board.
[YOUR NAME]
Chairperson, Board of Directors
[YOUR EMAIL]
[YOUR COMPANY WEBSITE]
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