Submitting reso. autho. Sale to Caza LLC of Surplus Property at 14094/14098 Gratiot, Detroit, MI 48205. (The Planning and Development Department entered into a Purchase Agreement dated October 11, 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 Four Thousand Eight and 00/100 Dollars ($4,008.00) (the “Purchase Price”). Offeror intends to use the property as ancillary parking space for their adjacent auto repair business. The property will be used solely for the parking of operable passenger motor vehicles belonging to employees or customers of the business. Offeror shall, in addition, board up and/or secure the property within six (6) months of closing, and demolish the existing structure at 14098 Gratiot within twelve (12) months of closing, with a right of reverter written into the Deed to be exercised by P&DD in the event of default.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMMITTEE ON 11-3-16)
What this record is
- Held by
- Caza LLC
- Amount
- $4K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
- Field
- Vehicles & equipment
vehicles & equipment contracts in MI that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Planning and Economic Development Standing Committee
- Introduced
- January 9, 2017
- On agenda
- November 3, 2016
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