City of Detroit - File #: 15-5684

• File #: 15-5684
• Version: 1
• Type: Resolution
• Status: New Business
• File created: 4/27/2017
• In control: Planning and Economic Development Standing Committee
• On agenda: 3/23/2017
• Title: Submitting reso. autho. sale to Luke’s Property Management, LLC of Real Property at 14610 Schaefer, Detroit, MI 48227. (The Planning and Development Department entered into a Purchase Agreement dated February 17, 2017 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for One Thousand and Five Hundred 00/100 Dollars ($1,500.00) (the “Purchase Price”). Offeror intends to improve the property into a storage facility for their property management business. The proposed use is a by-right use within the designated M2/Restricted Industrial zoning, as per Section 61-10-37 (28) of the Detroit Zoning Ordinance. Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obtain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of reverter, written into the Deed, to be exercised by P&DD in event o...

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Submitting reso. autho. sale to Luke’s Property Management, LLC of Real Property at 14610 Schaefer, Detroit, MI 48227. (The Planning and Development Department entered into a Purchase Agreement dated February 17, 2017 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for One Thousand and Five Hundred 00/100 Dollars ($1,500.00) (the “Purchase Price”). Offeror intends to improve the property into a storage facility for their property management business.  The proposed use is a by-right use within the designated M2/Restricted Industrial zoning, as per Section 61-10-37 (28) of the Detroit Zoning Ordinance.  Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obtain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of reverter, written into the Deed, to be exercised by P&DD in event of default.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 3-23-17)

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