Submitting reso. autho. sale to Future Detroit, LLC of Surplus Property at 4253/4255 McGraw, Detroit, MI 48210. (The Planning and Development Department entered into a Purchase Agreement dated October 5, 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 Fourteen Thousand Five Hundred Twenty and 00/100 Dollars ($14,500.00) (the “Purchase Price”) subject to the approved transaction costs and transaction fee. The Property is presently zoned R2/Two-Family Residential District according to the City of Detroit zoning ordinance. As per section 61-8-37 of the City of Detroit zoning ordinance, Offeror’s intended use of the Property as a trade school and light manufacturing operation is not a permitted use under the zoning ordinance without the necessity of a rezoning, special exception, use permit, variance, or other approval. Offeror shall apply for and obtain rezoning of the Property or a special or conditional use permit or variance regarding the Property prior to closing and the consummation of this sale.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 2-23-17)

Resolution New Business Introduced March 17, 2017

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