Title
Authorization of Purchase of Real Property
Body
Whereas, the Green Space Board recommended, and the City Council authorized, making an offer to purchase the vacant 7.42 acre parcel of property known as 285 Cloverport; and
Whereas after extensive negotiation over a long period of time, the property owner and the City have reached a Purchase Agreement.
Therefore, it is resolved that the Rochester Hills City Council approves the written Purchase Agreement between Group 2 Associates LLC, as Seller, and the City of Rochester Hills, as Purchaser, for the sale to the City of the 285 Cloverport property.
It is Further Resolved that the Mayor or his designee is authorized to execute and deliver on the City's behalf such additional documents or agreements as may be necessary or appropriate to effectuate the Purchase Agreement and consummate the transaction.