Title
Acceptance of the Offer to Purchase and Statement of Compensation for Right of Way acquisition on Leach Road in conjunction with the Adams Road Relocation Project for Bedient Land Development, LLC in the amount of $8,030.00, plus closing costs
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Whereas, Bedient Land Development, LLC was presented with an Offer to Purchase and Statement of Compensation for Right of Way in the amount of $5,000.00; and
Whereas, Mr. Bedient negotiated a counter-offer based on the per square foot rate he received in 1994 from the City for other land along Leach Road. In addition, Mr. Bedient is to be compensated for two 24" diameter Maple trees that will be removed as a result of the road project; and
Whereas, Elexco land Services, Inc. will begin the process of closing the transaction through Philip F. Greco Title Company.
Resolved that the Rochester Hills City Council approves the Offer to Purchase and Statement of Compensation for Right of Way acquisition on Leach Road in conjunction with the Adams Road Relocation Project for Bedient Land Development, LLC, a Michigan Limited Liability Company in the amount of $8,030.00 plus closing costs.