Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Sale topic
No spam. Unsubscribe anytime.
Buchanan OKs sale of eight city lots to Michigan Housing Partnership LLC with staged construction requirement
Summary
The City Commission approved the sale of eight city-owned lots to Michigan Housing Partnership LLC (contact: Alan Edwin) at $6,500 per lot and authorized city staff to finalize documents; the buyer must begin construction on at least two lots by year-end and two more by next June.
The Buchanan City Commission on June 8 approved a purchase agreement to sell eight city-owned residential lots to Michigan Housing Partnership LLC (document lists contact name Alan Edwin) for $6,500 per lot and authorized the city manager and city attorney to complete closing documents.
Staff described a staged construction requirement in the agreement: the buyer must start work on at least two lots before the end of the calendar year and begin on two additional lots by June of the following year. The sale was presented as part of a broader disposition of city lots that were bid last fall; staff said the eight lots now before the commission are the first tranche recommended for sale.
The motion to approve the sale passed on the floor and the commission authorized staff to finalize documentation and complete the transaction.
Next steps: staff will prepare closing paperwork and return status updates to the commission as documents are finalized.
