docketcity.com
15-5684

Submitting reso. autho. sale to Luke’s Property Management, LLC of Real Property at 14610 Schaefer, Detroit, MI 48227. (The Planning and Development Department entered into a Purchase Agreement dated February 17, 2017 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 One Thousand and Five Hundred 00/100 Dollars ($1,500.00) (the “Purchase Price”). Offeror intends to improve the property into a storage facility for their property management business. The proposed use is a by-right use within the designated M2/Restricted Industrial zoning, as per Section 61-10-37 (28) of the Detroit Zoning Ordinance. Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obtain 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 3-23-17)

Resolution New Business Introduced April 27, 2017

What this record is

Held by
Luke’s Property Management, LLC
Amount
$2K
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
April 27, 2017
On agenda
March 23, 2017

Where it was heard

Planning and Economic Development Standing Committee Mar 23, 2017

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