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Council: Perry family granted first right of refusal in South Waverly easement agreement
Summary
Council was informed all parties reached an easement agreement: the Perry family will hold a right of first refusal should the village decide to sell the property; price set at fair market value at time of sale; the right terminates if the Perry family sells adjoining property; the agreement will be drafted as a stand-alone contract.
Council was informed that all parties reached an agreement on the South Waverly easement. Under the terms reported in the minutes, the Perry family will receive a right of first refusal if the Village ever decides to sell the property; the purchase price would be based on fair market value at the time of sale; and if the Perry family sells the adjoining property the right of refusal will terminate. The agreement is to be drafted as a stand-alone contract and Village Administrator Jarid Kohlrieser will work with Solicitor Jim Hearn to finalize it.
No vote or purchase price was finalized at this meeting; the minutes record only the agreement's framework and that council had no additional questions. The item remains for administrative drafting and future presentation for formal approval if necessary.
