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)

What this record is

Held by

Future Detroit, LLC

Amount

$15K

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 17, 2017

On agenda

February 23, 2017

Where it was heard

Planning and Economic Development Standing Committee Feb 23, 2017

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