Submitting reso. autho. Real Property at 12842 Mack Avenue, Detroit, MI 48215. (The Planning and Development Department entered into a Purchase Agreement dated November 15, 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 Two Thousand Seven Hundred One Dollar and 00/100 Dollars ($2,701.00) (the “Purchase Price”). Offeror intends to rehabilitate and repurpose the property, a vacant two-story commercial building, into office space for their injection mold and 3-D printing business. The proposed use is a by-right use within the designated B4/General Business zoning district as per the City of Detroit Zoning Ordinance, Section 61-9-76 (21). Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obrain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of reverter, written into the Deed, to be exercised by P&DD in event of default.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 1-12-17)

Resolution New Business Introduced March 6, 2017

What this record is

Read automatically from the title of the official record. The source document below is authoritative.