Title
Request for Authorization to sell excess city-owned land on John R
Body
Whereas, in June of 1988, the City of Rochester Hills purchased a 6.74 acre parcel of land, located east of John R Road and north of Avon Road, to develop a regional storm water detention facility, and;
Whereas, Completion of the facility, left excess land of approximately two acres that remains vacant and unused, and;
Whereas, S.E. Michigan Land Holding, LLC approached the City about purchasing the City's two acre parcel to assemble and use together with S.E. Michigan Land Holding's adjacent property for a residential housing development, and;
Whereas, an Offer to Purchase Real Estate has been negotiated and presented by S.E. Michigan Land offering to purchase the City's two-acre parcel for $133,750.00, which the City Assessor has determined to be the market value for the land.
Resolved, that the Rochester Hills City Council hereby accepts the Offer to Purchase Real Estate as presented in the amount of $133,750.00 with S.E. Michigan Land Holding, LLC, Shelby Township, Michigan for the sale of City-owned land totaling 2.18 acres, located on the east side of John R, north of Avon, part of Parcel No. 15-13-301-050, and further authorizes the Mayor to sign the agreement on behalf of the City and to undertake and all further necessary and appropriate actions to consummate the transaction.