Agendas and Minutes
Meeting Officials
Print
Reading Mode
Back to Calendar
Return
O.
Topics of Discussion  
Council Work Session
 
Meeting Date:
09/07/2021
TJL-CES, LLC Purchase Agreement - Sale of Property
Submitted By:
Bryan Chodkowski
Department:
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
09/07/2021
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
TJL-CES, LLC Purchase Agreement - Sale of Property
Purpose and Background
The City has negotiated a Purchase Agreement for TJL-CES, LLC to purchase ~1 acre of City-owned property located at the northwest intersection of Brandt Pike and Meijer Access Drive. The agreed upon purchase price is $150,000 per acre which is in line with recent appraisal values. The purchaser intends to construct a limited, quick service restaurant. This agreement also presents future outlot development opportunities on Meijer Access Drove.
The agreement has been reviewed by the Law Director and it is City Staff's recommendation that City Council approve the proposed purchase agreement.
Fiscal Impact
Source of Funds:
N/A
Cost:
N/A
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
Attachments
Resolution
Exhibit A
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.