Title
Authorization for Sale of Leased Property Commonly Known as 11900 Freud and 11900 E. Jefferson, Detroit, Michigan to the Detroit Brownfield Redevelopment Authority at the Amended Purchase Price and Acreage
Body
Agenda of: December 19, 2019
Item No.: 2019-471
Amount: $655,286.00
TO: The Honorable
Board of Directors
Great Lakes Water Authority
The Legal Committee
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: December 18, 2019
RE: Authorization for Sale of Leased Property Commonly Known as 11900 Freud and 11900 E. Jefferson, Detroit, Michigan to the Detroit Brownfield Redevelopment Authority at the Amended Purchase Price and Acreage
MOTION
Upon recommendation of Randal M. Brown, General Counsel, the Legal Committee recommends the approval by the Board of Directors (Board) of the Great Lakes Water Authority (GLWA):
1. authorizing the sale of leased property Commonly Known as 11900 Freud and 11900 E. Jefferson, Detroit, Michigan (9.470 acres) to the Detroit Brownfield Redevelopment Authority for the sum of Six Hundred Fifty-Five Thousand Two Hundred Eighty-Six and no/100 Dollars ($655,286.00) pursuant to the Second Amendment to the Real Property Purchase Agreement
2. acknowledging that the portion of the property to be sold is no longer needed in connection with the operation of the Conner Creek CSO Facility and the sale will not impair the operating efficiencies of the Conner Creek CSO Facility
3. granting a drainage easement and temporary access easement, and
4. authorizing the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
On February 26, 2019, Fiat Chrysler Automobiles NV (FCA) and the City of Detroit announced FCA's intent to invest approximately $4.5 billion in five automobile plants located in the State of Michigan. Included amongst the proposed investments is approximately $1.6 billion to be invested in the Jefferson North and...
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