Title
Purchase Agreement and Title Services Agreement for 692 Conner, 701 Conner and 703 Navahoe and 711 Navahoe (Detroit Land Bank Authority Properties)
Body
Agenda of: August 26, 2020
Item No.: 2020-294
Amount: $14,193.00
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Randal M. Brown, General Counsel
DATE: August 21, 2020
RE: Purchase Agreement and Title Services Agreement for 692 Conner, 701 Conner and 703 Navahoe and 711 Navahoe (Detroit Land Bank Authority Properties)
MOTION
Upon recommendation and opinion of Randal M. Brown, General Counsel, the Board of Directors (Board) for the Great Lakes Water Authority (GLWA): (1) approves a Purchase Agreement and Title Services Agreement of 692 Conner, 701 Conner and 703 Navahoe and 711 Navahoe between GLWA and Detroit Land Bank Authority; and (2) authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote, including the execution of the Purchase Agreement and Title Services Agreement and any related closing documents and costs.
JUSTIFICATION
For the construction of an access shaft to the Detroit River Interceptor (DRI) near the Freud Sewage Pumping Station, GLWA needs to acquire properties to construct the access shaft. Based on information and belief, the purchase price for the 4 properties is equal to the back taxes.
BUDGET IMPACT
Land acquisitions were included in the budget for the DRI Access Shaft Project.
COMMITTEE REVIEW
This matter is being presented to the Legal Committee at its August 26, 2020 Meeting. The Legal Committee unanimously recommended that the GLWA Board adopt the resolution as presented.
SHARED SERVICES IMPACT
This request does not impact the Shared Services Agreement.