Submitting reso. autho. Sale to Lawrence A. Muhammad of Surplus Property at 12750 Mansfield, Detroit, MI 48227. (The Planning and Development Department entered into a Purchase Agreement dated September 14, 2016 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for Twenty-Six Thousand and 00/100 Dollars ($26,000.00) (the “Purchase Price”), subject to the approved transaction costs and transaction fee. As per section 61-9-80 (26) of the City of Detroit zoning ordinance, Offeror’s intended use of the Property as a commercial trade school for the servicing of energy-efficient heating and cooling systems is a by-right use. The Offeror shall apply for and obtain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of converter, written into the Deed to be exercised by P&DD in event of default.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 10-13-16)

Resolution New Business Introduced November 14, 2016

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