File #: 2016-0268    Version: 1
Type: Administration Status: To Council
File created: 7/7/2016 In control: City Council Regular Meeting
On agenda: Final action: 7/18/2016
Title: Request for Approval for RARA to utilize a portion of their $433,000.00 unrestricted fund balance (as of year-end FY 2015) for the purchase and/or development of the building and property located at 480 East Second Street, Rochester, MI
Attachments: 1. 071816 Agenda Summary.pdf, 2. Presentation.pdf, 3. RARA Letter and Report.pdf, 4. Appraisal Report.pdf, 5. Resolution (Draft).pdf

Title

Request for Approval for RARA to utilize a portion of their $433,000.00 unrestricted fund balance (as of year-end FY 2015) for the purchase and/or development of the building and property located at 480 East Second Street, Rochester, MI

 

Body

Resolved, that the Rochester Hills City Council hereby approves RARA's utilization of a portion of an amount not to exceed $333,000.00 of their $433,000.00 unrestricted fund balance (as of year-end FY 2015) for the purchase and/or development of the building and property located at 480 E. Second Street, Rochester, MI 48307.