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)

What this record is

Amount

$3K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

Field

Real estate

real estate 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

March 6, 2017

On agenda

January 12, 2017

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