Title
Amendment No. 1 to the Purchase of 1001 Clairpointe, Detroit, MI (East Lake Baptist Church)
Body
Agenda of: September 22, 2021
Item No.: 2021-367
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: Suzanne R. Coffey, P.E.
Interim Chief Executive Officer
Great Lakes Water Authority
DATE: September 13, 2021
RE: Amendment No. 1 to the Purchase of 1001 Clairpointe, Detroit, MI (East Lake Baptist Church)
MOTION
Upon recommendation and opinion of Suzanne R. Coffey, P.E., Interim Chief Executive Officer, and Randal M. Brown, General Counsel, the Board of Directors (Board) for the Great Lakes Water Authority (GLWA) approves Amendment No. 1 to the purchase of 1001 Clairpointe, Detroit, MI (the Property) between GLWA and East Lake Baptist Church, changing the leaseback of the property to East Lake Baptist Church from February 28, 2023 to December 31, 2023 and month-to-month thereafter and authorizes for the Interim 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's 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 acquisition of this Property.
The parties have negotiated an amendment to the Purchase Agreement, extending the leaseback period from February 28, 2023 to December 31, 2023. The extension of the leaseback period does not impact the ability to design and construct the new Conner...
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