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Redevelopment commission accepts $35,000 counteroffer for 234 Saint Joseph Street and authorizes executive approval to close
Summary
The commission accepted a $35,000 counteroffer for 234 Saint Joseph Street and authorized an executive officer to execute the purchase agreement to avoid delaying closing beyond the June meeting.
The Elk Park Redevelopment Commission on May 13 accepted a $35,000 counteroffer for the property at 234 Saint Joseph Street and authorized an executive officer to execute the purchase agreement so a closing would not be delayed until the June meeting.
Adam Phan, assistant director of redevelopment, told the commission the city had made an earlier offer that was declined and the seller returned a counteroffer of $35,000. Phan asked the commission for a voice vote to accept the offer and to grant executive authority to execute the standard realtor purchase agreement to avoid prolonging closing.
A motion to accept the counteroffer and grant executive approval to execute the purchase agreement was made, seconded and approved by voice vote. Phan said the purchase agreement will be on the standard realtor’s form and that real estate representation is handling the transaction.
The commission did not record any dissent or public comment on the purchase in the transcript. No further terms, contingencies, closing date or funding sources were specified on the record during the meeting.
