Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.
Houghton County OKs repurchase of Airpark Lot 2 for $40,000
Loading...
Summary
The county board approved a resolution to repurchase Lot 2 of the Houghton County Airpark Plat from Royale Air Service, Inc. for $40,000 and authorized the chairman to sign closing documents.
Houghton — The Houghton County Board of Commissioners voted Feb. 13 to repurchase Lot 2 of the county airpark from Royale Air Service, Inc. for $40,000.
The board adopted a resolution approving the terms of the repurchase agreement and authorized Chairman Tom Tikkanen to execute any documents necessary to complete and close the transaction. The resolution traces the county’s authority to rights assumed after the dissolution of the former Houghton County Airport Authority and references the airport covenants recorded in county land records.
The motion to approve the repurchase carried unanimously. The resolution language notes the purchase price of $40,000 and cites the Airpark Plat covenants and relevant public records for the transaction.
Next steps: Chairman Tikkanen is authorized to sign closing documents to complete the repurchase.