File #: 2006-0668    Version: 1
Type: Purchase Status: Passed
File created: 9/6/2006 In control: City Council Regular Meeting
On agenda: Final action: 9/20/2006
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
Indexes: Purchase Authorization, Right-of-Ways, Roads
Attachments: 1. Agenda Summary.pdf, 2. Memo of Negotiation.pdf, 3. Offer to Purchase.pdf, 4. 0668 Resolution.pdf

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 

 

Body

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.