Title
Purchase of 36336 Eight Mile Road, Farmington, Michigan
Body
Agenda of: November 18, 2021
Item No.: 2021-448
Amount: $320,000 plus brokerage fee, 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: November 15, 2021
RE: Purchase of 36336 Eight Mile Road, Farmington, Michigan
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 36336 Eight Mile Road, Farmington, Michigan (the Property) between GLWA and Shirley Ferguson; and (2) 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 and accepting an assignment of an expired lease in a month-to month holdover status, and renegotiating or terminating the lease.
JUSTIFICATION
For replacing the existing Newburgh Road Pumping Station with a new pumping station, GLWA needs to acquire land near the existing pumping station. Through its consultants, GLWA identified land in the vicinity of the current pumping station as the best property acquisition option for the new pumping station. The parties agreed to a purchase price of $320,000, plus GLWA paying the brokerage fee, real estate and closing costs for the Property. In addition, GLWA assumes a lease for the ranch-styled home on the property. Th lease term is expired, but continues on a month-to-month basis. Given the obligation under the lease for the landlord to make repairs to plumbing, electrical, heating equipment and fixtures and appliances that have been supplied by Landlord, GLWA will negotiate to have the tenant assume these responsibilities or will terminate the lease.
Acquiring Ms. Ferguson's property will be conditioned on ...
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