HomeMy WebLinkAboutResolutions - 1983.07.14 - 11552July 14th, 1.983
Miscellaneous Resolution #
By: Planning and Building Committee—Anne M. Hot;arL, Chairperson
In re: Sale of Lot 42 and South 30 Feet of Lot 43, "Bloomfield
Sites" Subdivision, Bloomfield. Hills, Michigan -Property
Management Division
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS on March 5th, 1963, the County of Oakland acquired.
the following described property from Alden Building Company for
use as a community well site:
Lot 42 and the south 30 feet of Lot 43, "Bloomfield Sites"
Subdivision, a part of the southeast 4 of Section 11, Town
2 North, Range 10 East, City of Biomfield Hills, Oakland
County, Michigan, according to the Plat thereof as recorded
in Liber 71 of Plats, Page 21, Oakland County Records.
Sidwell Number 19-11-402-028.
WHEREAS the above described property is no longer used
as a well site and is excess to the County of OaMand's needs;
and
WHEREAS in September of 1978 the Property Management Division
requested appraisals on said property to establish a value of said
property according to the Oakland County Board of Commissioners
rules and those appraised values are listed as follows:
..Rort H. Scott, SPA, ASA, IRWA, MAR - $30,500.00
Thomas A. Marshall, ASA, MAT - $30,000.00
WHEREAS the Property Management Division has received an
offer to purchase the described property from Wayne J. Colquitt,
Inc., in the amount of Five Thousand Dollars ($3,000.00, cash
with a One Thousand Dollar ($1,000.00) deposit, certified check;
and
WHEREAS the Planning and Building Committee having reviewed
the purchase offer hereby recommends that the Property Management
Division be authorized to make a counter offer on said property
in the amount of Twenty Thousand Dollars ,':;20,000.00), conditioned
upon the purchaser accepting the property in its present condition.
NOW THEREFORE BE IT RESOLVED that the Oakland. County Board.
of Commissioners hereby authorizes the County Executive's Property
Management Division to notify Mr. Wayne Coiquitt that the county has
received his offer to purchase the afore described property in the
amount of Five Thousand Dollars ($5,000.00) and that the county offers
Mr. Colquitt the opportunity to purchase said property for the amount
of Twenty Thousand Dollars ($20,000.00), conditioned upon his acceptance
of the property in its present condition.
MR. CHAIRPERSON, on behalf of the Planning and Building
Committee, I move the adoption of the foregoing resolution.
PLANNING AND BUILDING COMMITTEE
Otherwise Known as 2307 Eastways Rd.
venetian blinds, curtain rods, storm including all lighting fixtures, shades,
Cash
Sale
caaki-Smele
vaieh-Negio
hileregage
Street, together with all improvements and appurtenances,
windows and storm doors, screens, awnings, TV antenna,
oney is to be made in cash
0
gas conversion unit and permit if any, now on the premises, 27
and to pay therefor the surnof FIVE THOUSAND AND NO/ 10 0 5a_QS:L_Q_Q_QL __ Dollars,
subject to the existing building and use restrictions, easements, and zoning ordinances, if any, upon the following conditions:
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171
B. Delivery of the usual Warranty Deed conveying a marketable title. Payment of purchase money is to be made in cash
or certified check. Purchaser agrees that he will immediately apply for a•
mortgage in the amount of , and pay down plus mortgage
costs, prepaid items and adjustments in cash. Purchaser agrees to execute the mortgage as soon as the mortgage application
is approved, a closing date obtained from the lending institution, and, if applicable, -final inspection of the property ap-proved by the Veterans Administration or F.H.A.
A. Delivery of the usual Warranty Deed conveying a marketable title. Payment of purchase
or certified check
THE SALE TO BE CONSUMMATED BY: (Fill in on of the four following paragraphs, and strike out the ramainder.l
WAYNE J. COLQUITT, REALTOR
4302 N. WILLOWAY ESTATES DT.
BLOOMFIELD HILLS, MICH. 4E3013
47-044-023 AGREEMENT OF SALE - First American 'fide Insurance Company of Mid-America BURTON ABSTRACT DIVISION - SERVING YOU SINCE 1866 OFFER TO PURCHASE REAL ESTATE
( City
Taisiataisisa of • •
'Village
Bloomfield Hills Oakland , County, Michigan, described as follows:
Lot #42 & South 30 ft. of lot #43
Bloomfield Sites Subdivision, T 2 N,
R 10 E Sec. #11.
Tax Item No. 12-19-11-402-028
C. Delivery of the usual Warranty Deed conveying a marketable title, subject to mortgage to be deducted from the pur-
chase price. Payment of the purchase money is to be made in cash or certified check less the amount owing upon an
existing mortgage now on the premises, with accrued interest tridate of consummation, held by
1. THE UNDERSIGNED hereby offers and agrees to purchase the following land situated in the
ingknown as
Sisiesks,
.E.5tieigag
teloepikgage
131
upon which there is unpaid
<
ILI 2
3 Sonie-eta
&wad 0 619~clet
the sum of approximately
with interest at per cent, which mortgage requires payments of Dollars
on the day of each and every month, which payments DO, DO NOT include prepaid taxes and insur-
ance. tithe Seller has any accumulated funds held in escrow for the payment for. any prepaid items, the Purchaser agrees.
to reimburse the Seller upon proper assignment of same. The Purchaser agrees to assume and pay said mortgage according to the terms thereof..
• D. Payment of the sum of Dollars.
in cash or certified check, arid the execution of a Land Contract upon the FIRST AMERICAN TITLE INSURANCE
COMPANY OF MID-AMERICA form, acknowledging payment of that sum and calling for the payment prate remainder of the
years from the date of Contract in monthly payments of not less than purchase money within :71
Dollars,
Dollars each, which include interest payments at the rate of per cent perannum, and Al
which DO, DO NOT include prepaid taxes and insurance.
s,eice_iti lithe Seller's title to said land is evidenced by an existing land contract with unperformed terms and conditions sub-
skaaaating stantially as above set forth and the cash payment lo he made by the undersigned on consummation hereof will pay
kand out the equity, an assignment and conveyance of the vendee's interest in the land contract, with an agreement by the
Chuitiaa- undersigned to assume the balance owing thereon, will he accepted in lieu of the contract proposed. in the preceding
paragraph. If the Seiler has any accumulated funds held in escrow for the payment of prepaid taxes or insurance, the
Purchaser agrees to reimburse the Seller upon the proper assignment of same.
2 0
C.)
=
ts41-14-414. ".Ft.i.l.i4.‘ds.,.1'ss-+Sau-siteresst; a cuinmit inent for and Policy of Tit te Insurance issued by said Corporation in an amount not
less than the purchase price, bearing date later than the licceptatice hereof and guaranteeing the title in the condition required for
performance of this agreement, will be accepted.
3. If this offer is accepted by the Seiler and if title can be conveyed in the condition required hereunder, the Purchaser
30 agrees to complete the sale within days after delivery of the abstract or commitment for title insurance;
however, if the sale is to be consummated in accordance with paragraph B, then the closing will be governed by the time
there specified for obtaining a mortgage. In the event it default by the Purchaser hereunder, theSeller may, at hie option.
elect to enforce the terms hereof or declare a forfeiture hereunder and retain the deposit as liquidated damages. NSURANCE COMPANY OF MID-AMERICA
. at time of ciaTITIW---5.1147.717117very of lithe Seller occupies the property, it shall be vacated on tin befo re
Evidence
of Title
2. As evidence of title. Seller agrees to furnish Purchaser its
NJ
Time of
Z Closing
U Purchaser's Fe. Default
Lu
ox Seller's 4. In the event of default by the Seller hereunder, the Purchaser may at his option, elect to enforce the terms hereof or
Default demand, and be entitled to, an immediate refund ot his entire deposit in full termination of this agreement.
Titie 5. If objection to the title is made, based upon a written opinion of Purchaser's attorney that the title is not in the con-
Li Objections dition required for performance hereunder, the Seller shall have 30 days from the date he is notified in writing of the
particular defects claimed, either (I) to remedy the title, or (2) to obtain title insurance as required above, or (3) to refund
the deposit in full termination of this agreement if unable to remedy the title•or obtain title insurance. If the Seller rem-
edies the title or shall obtain such commitment for a title policy within the time specified, the Purchaser agrees to com-
plete the sale within 10 days of written notification thereof, If the Seller is unable to remedy the title or obtain title
insurance within the time specified, the deposit shall be refunded forthwith in full termination of this agreement.
Possession 6. The Seiler shall deliver and the Purchaser shall accept possession of said property, subject to rights of the following
• tenants:
Warranty Deed. From the date of closing to the date of vacating property is agreed, SELLER SHALL PAY the sum of S Per
day. THE BROKER SHALL RETAIN from the amount due Seller as closing the sum of S, as security for
sail occupancy charge, paying to the Purchaser the amount due him and returning to the Seller the unused portion as - determined by date property is vacated and keys surrendared to Broker.
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2999
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WA .1-IrNE J. COLO
725 S. A])
• BLIZMIN Gil
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TO THE COUNTY °EDER OF
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_May 18 19 83 97-2302
8_1,000 00
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TELEGRAPH- W LONG LAK
- BLOOMPIELD HILLS
Nationat Bank o
Depo sPreGt.V,2.
FoR- of lot # 437Blfd- Sites
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# 83198 July 14, 1983
14th day of July 1983 this
Moved by Hobart supported by Nelson the resolution be adopted,
- Discussion followed.
AYES: Moffitt, Nelson, Olsen, Page, Perinoff, Pernick, Rewold, Wilcox, Caddell,
Doyon, Foley, Fortino, Hobart, Jackson, R. Kuhn, S. Kuhn, McDonald, McPherson. (18)
NAYS: Moore, Calandra, Geary, Gosling, Lanni, Law, McConnell, (7)
PASS: Price. (1)
A sufficient majority having voted therefor, the resolution was adopted,
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I,. Lynn D. Allen, Clerk of the County of Oakland and having a seal
do hereby certify that I have compared the annexed copy of
Miscellaneous Resolution 1183 1 98 adopted by the Oakland County Board of Commissioners
at their meeting held on July 14, 1983
with the original record thereof now remaining in my office, and
that it is a true and correct transcript therefrom, and of the
whole thereof.
In Testimony Whereof, I have hereunto set my hand and affixed the
seal of said County at Pontiac, Michigan
ALLEN, County Clerk/Register of [-).e LYNN D