Title
Purchase of 1001 Clairpointe, Detroit, MI (East Lake Baptist Church)
Body
Agenda of: December 17, 2020
Item No.: 2020-466
Amount: $1,380,000.00 plus brokerage fee ($27,600.00), real estate and closing costs
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: December 15, 2020
RE: Purchase of 1001 Clairpointe, Detroit, MI (East Lake Baptist Church)
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 the purchase of 1001 Clairpointe, Detroit, MI (the Property) between GLWA and East Lake Baptist Church; (2) a leaseback of the property to East Lake Baptist Church until February 28, 2023 and month-to-month thereafter; (3) the right for East Lake Baptist Church to deconstruct the buildings, with GLWA's written approval, prior to the expiration of the leaseback term; and (4) 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.
JUSTIFICATION
For replacing the existing Conner Creek Pump Station with a new pump station, GLWA needs to acquire land near the existing pump station. Through its consultants, GLWA identified land adjacent to the current pumping station as the best property acquisition option for the new pump station. The parties agreed to a purchase price of $1,380,000.00 for the Property. The address of the Property is 1001 Clairpointe, Detroit, MI. The Board previously approved the purchase 12400 East Jefferson, which is a contiguous parcel. The purchases of the Property and 12400 East Jefferson satisfies the land acquisition needs for the construction of the pump station.
The closing on the Property is contingent on several action items. First, East Lake Baptist Church needs to acqui...
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