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File #: 2012-0167    Version: 1
Type: Administration Status: Passed
File created: 5/2/2012 In control: City Council Regular Meeting
On agenda: Final action: 5/7/2012
Title: Request for Approval of the allocation of the RARA fund balance for the purchase of property located at 500 E. Second Street, Rochester, MI
Attachments: 1. Agenda Summary.pdf, 2. RARA Letter 050712.pdf, 3. Annual Budget Projection Comparison.pdf, 4. Financial Summary of Building Acquisition.pdf, 5. RARA Purchase Agreement.pdf, 6. RARA Appraisal Report.pdf, 7. Facility Planning Report.pdf, 8. Resolution.pdf
Title
Request for Approval of the allocation of the RARA fund balance for the purchase of property located at 500 E. Second Street, Rochester, MI
 
Body
Resolved, that the Rochester Hills City Council hereby approves an allocation of the RARA fund balance in the amount of $500,000.00 for the downpayment on a 10 year land contract for the purchase of property located at 500 E. Second Street, Rochester, MI  48307