HomeMy WebLinkAboutResolutions - 1972.11.16 - 159146161 Miscellaneous Resolution November 16, 1972
BY: PLANNING & BUILDING COMMITTEE - Charlie J. Harrison, Jr., Chairman
IN RE: ACCEPTANCE OF OFFER TO PURCHASE COUNTY PROPERTY -
550 S. TELEGRAPH ROAD, PONTIAC, MICHIGAN
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS the Board of Auditors has received an offer from the Milton H. Ring
Company, a plumbing and heating firm, for the purchase of County property located
at 550 S. Telegraph Road, Pontiac, Michigan, and described as follows:
Part of lot 3, Assessor's Plat No. 78 of the City of Pontiac,
Oakland County, Michigan. The property is also identified
as Parcels CP 13-1 and CP 13-2 described in fiber 18 of
Assessor's Plats, Page 78, Oakland County Records as having
280 feet of frontage along Telegraph Rd. and extending to a
depth of approximately 282.96 feet and the site contains a
total of approximately 69,225 sq. feet of area.
and
WHEREAS your Committee recommends acceptance of the offer attached hereto
to purchase said County property under the following terms:
1. Sale price $75,000.00.
2. 20% down payment of $15,000.00.
3. Monthly payments of not less than $600,00 per month at 7% interest per annum.
4. Negotiating agreement to allow County to operate the recycling material
collection activities for a period of 10 years at no cost to the County,
NOW THEREFORE BE IT RESOLVED that the Board of Auditors be and they are hereby
authorized to proceed with the sale of County property as herein described and to negotiate
an agreement to retain a portion of the property for recycling activities.
BE IT FURTHER RESOLVED that the Chairman and Clerk of the Board be and they
are hereby authorized to execute the necessary documents to effect the sale of said County
property on behalf of the County of Oakland.
The Planning & Building Committee, by Charlie J. Harrison, Jr. , Chairman, moves
the adoption of the foregoing resolution.
PLANNING & BUILDING COMMITTEE
Charlie J. Harrison, Jr. , Chairman
- DETROIT IZEAL EiSATE BOARD AGREEMENT OF SALE FORM 196.1
Time of
closin,g
Purcho5er'5
Default
Till
Objecilonri•
Sener's
Deiviult
TIADcand and_ ) )
in 1.
L) at)
The undersigned, hereinafter desi gnated as the Purchaser, hereby
and premises situated in the Cite,øf urr.t
Cowl ty, Michigan, described as fc'l:--,s; Part of loT Asses Panti_arg Oakland cpunt, Michiganled a,53 ParcOs C,i2 13-1 and UP I:3-2 de sor'5 /8, Oakland County Re
2=30 feet of frontage along Telegranh Rd and
of aonroximaiely 2=,2,9(5 feet and th2 site co
apOlertiRateIr 69,225 sq feet of atea
offers and agrees to purchase land
-,in _Oakland_
sor ,s Plat No g 72 Of th The .Dronertv is alp serlbed liber _}.) of cords as naving -
extending to a depth
ntains a total of
Puri-chose
Pike
Cash 5,..t)a
Ctae•
lVhh Nuw
Sedie to
Exislin3
Serl,e =en
Loud
Cur/h.-it:6cl
„iThstruci OF 2.
Title Policy
° Also, being known ash r-;0 R...,(1.7P (Intl ac4... 1 qa n Street,.
subject to existing restrictions of record, easements for public utilities and driveways, and zoning ordinances,
if any;
• •
Together with all improvements and appurtenances and includin g all lighting fixtures, shades, venetian
blinds, curtain rods, drapery hardware, storm windowS and storm doors, screens, awnin gs, and antennae, if an y ,
•
p ises and to pay therefore the
-71:0(1-o Dollars
`MT SfiLE IS TO BE) ttliONS'Il'Jiti--tATr-D eBY.
I A,'-e..frhe deliveisy of the usual Warranty Deed conveying a marketable title,
I — --- --, .
„-----'-' ; B, The delw.PTY of the usual Warranty Deed conve ying a marketable title, This agreement is conting,entenpon
; the purchaser-being- eible to secure a first mortgage in the amount of $._ . _ fora-tferm of
, Purchaser agrees to apply feet such mortgage within .. .., , days fr oTa,taeceptaidee -
I of this offer at ins L-ie:-.) expense. If a commiteteet :for such mortgirge cannot b e obtained wititi-ifi
I days from date of ace4titance this offer is null and void and deposit shall be returned. If sufh commitment is
obtained the purchas,m ngii-e,..e.i7, to close within________„_,_ days from date of acceptariceeta this offer.
C. The delivery of (he usua1,.4 --arrantv Deed conveying, a marketable ta1eubject to ad existing mortgage.
Payment of the pi.-t.. to :..eittney is to he made less the arrennt owing uporNt,:p .,id existing mortgage, with
accrued interest to the.„-date of consummation, held by . ''',_,., upon which there is unpa„lct qe. sum of approximately $_ bearin g bitterest at . per cent, which,nrortgage he:conies due on or about : • ' -N't--., requires payments o r $ _.,-- . p-,yable -t includin g) (plus) interest, whAltayment (does)
(does r.rc-leyinciin.de. ii.-: :ie.: i.'. ta. es and insni;le".ce. It the Seller has acciiiirJleted funds held in es-cit•ow for the
pai=q,nelidi of any priiiiea:7. t.ares, the PuTcl-utsur a_grseS to reimburse the Seller upon proper assi gnm--crit_cif the
.aiii.e The Purchaser agrees to assume and pa y said mortgage,
P. The payment of the sum of 2.V.1f -j f--te.-77,--t1111,01.1.-Srliii--.:--1.704._rtfil_./10.1)Dollars and the execution
of a land contract upon the (Anterican Title ComPany of Michi,gan) (3cliartOn Abstract & Title CDRipan y ) (.1 ,av,.-yers Title clisliran'.CL r !j:Y.CR t :.)11.) ( ) form, acknoceging
payment of that sutn. rind calling for the payn-ient of the remainder of the purchase money withinp years from the dal:- ,:!)::: the c.onueact, in __ _1:..?(.1„va tb Ur payinents of not less than ,$___13.070
each which (do) -i.: ::•''::4:ti: include interest payment at the rate of _4_____ per cent per annum, and which
10.4,3) (do not) inch-el.': prepaid taxes and insurance
FrotikTed, however, that if the Seller's title to Said land. is evidenced by an existing land contract with
unperforrieed conditions substantiall y as above set forth, and the payment to be made b y the Purchaser on
consummation herenfa l pay out the Seller's e quity, an assignm,:nit and conve y ance by quit clam deed of
the vendee's interest said contract and land an agreement by the Purchaser to assume the balance
owing thereon will be accepted in lieu of tile contract proposed in the preceding para graph. If the Seller
has any accumulated -funds held in escrow for the payment of prepaid taxes and insurance, the Purchaser
agrees to reimburse Seller upon proper assignment of the same,
The Saliar dm11 ii"elivci to the purchaser as soon as may be a ceimpiste.
M.-- ftje.i I !" 3.; • 'j.::1_1.1 -vi,))c.„..ibf. t i tle
insurance issued by (American Title Company of 'f..lichi gan) (Burton Abstract & Title Liernpan y ) (Lawyers Title Insurance C.orporation) for an amount not leits than the purchase price hereunder guaranteeing title in the condition required herein, bearing date later than the acceptance hereof, will be accepted as sufficient showing of title.
If this offer is accepted by the Seller and irf ,title can be conveyed in the condition re quired hereunder, the Purchaser agrees to complete the sale within ) da ys after delivery of the abstract or policy of title insurance ; however, if the sale is to be .consummated in accordance with para graph B. then the closing will he governed by the time there specified. In the event of default by the Purchaser hereunder, the Seller may, at his option, elect to enforce the terms hereof or declare a forfeiture hereunder and retain the deposit as liquidated damages.
If objection to the title is made, based upon a written opinion of Purchaser's attorney that the title is
not in the condition as :required for perforce,muie hereunder, the Seller shall have 30 days from the date he
is notified in writing et the particular detects claimed, either (1) to remedy the title, or (2) to obtain title
'u ice as required above, or (l7i) to refund tire: deposit in fuil termination of this agreement if unable to
remedy the title or obtain title insurance. If the Seller remedies the title or shall obtain such title polic y within the time specified, the Purchaser a grees to coMplete the sale within 10 da ys of written notification
thereof, If tile Seiler fails to remedy the title or obtain such title insurance or to give the Pureborut the
above written notification within said 30 da ys, the ;deposit shall be refundecl. forthwith in full termination of this agreement,
si n, el
upon the to
Till in one of the four, following paragraphs and strike out the remainder.)
1
-UY
ii
Id 1
under this
the sale, or of the s
;
titu- ti-:is cis
est, and of his
for
the depo,sit
ftiireilasei-
.Parch;a...er
tit ihe •
present.:,..tfiat st,I. for the
fro-fa the
siisdl let:Arm:1 Sorthwitil to ths
cif Lilts shait take piece the offie'e of the tintlis:i .._....
forth.
2. Fayment of the purchase money shall tr,:e mane in eash or certified check.
Tile pronouns and relath.s:
„ than one toiuIc .1.he cdd- cdther he of r,-.1-1/-?. fet!,;
only. If nibre
sex or a corporation,
.1- herein shall
•-..1:2, of the respective
the
etr
_it mailed tu:
.E.i1P11 ttitropleted and
at his aiitt:iess
will be returned 1.2,S117. :f 1103,
in it,
fl.li.:05nf.,=.3i 17,
ABO
di offe,u- irh-e fc.iregeing offek
Jul
to
-rd -•:1!•-,..:.epi•d'incd.,, of the foregoing offer
,•
. . . .
d 1F • r 1-1'11 61- 111 '1'11— r1.11` any par' thk-',"-.)? it shall be vacated on or before
The : t.) pa...-,,,-.. useft,o eta :sat.,of ve ,.-atin,,
ittiat'e
; 1: esICUnlidddIi"..In-.11:-.'...:
art and
PUillaSer Ladd aSSI..:zU.r.i-d. cith abaiii:
.-i-ril taxes Jibd assessments wiiion have t.icainte -1-.1. lien upon the land At tits: date nii ,tiosiug shall be paid
by his Seller, excepting ._ __ . . ......... . - ,
'Insurance premiums, interest, rents, water bills, :Wei, and current 'City and County, tti:.:-Les. if any, shall he
pre•:;:tte ,-l. -and adjusted Lc ciL.ItP of 'Id ).••!,i33---;_ Taxes, if j..., '.% -..1'7' ted, shall he on a titatil J.,1„a . r, . . basis.
("wet rear:4 "Fisca! Year"
uudersiii,,,aod lite,ker --by authorized ',J.:. -t.b"is offer to the Seller and retain !ile deposit under
the provisions of toe statutes of iheState of Michi gan. The deposit money in the amount of
r•-,on the price. i:il the sà:de
II, I Si is understciod that crorte.-.1-:;
1-rt iheI ) the
sent t„ o ti
11 -'.=?..e's /6. 11 l' ;•'.. ••'..-::.',vied,g- i-;:--.r.
that it will be deny-
was made.
,tt, along
4-, 2 =7.1- Of t .OfarL.r . •;fd 01 F:d t
dld-r14. 11. r 11: 1 n .1.;dl e d t.):( fi-te yf.• rent e for
a neriod of Li 'c. i0 ten years If the use of ,
e • build Ci laSS '3*c:- 1)1 are no 1.oisrssr required 1. before he,,:-.i.Aration' of VIP t9r1 years thf.:) county of Oakland shall
Plige e y 1\r'''4,(..; fj u :11=1 II. 3 1 li ut de ordS
e r Sit ,a it d e .1. r o r t 3 A. r • 0 S S rve y
of io tr.! e rt.; s s ,
..t)e . ler tr,..„.to t t.tt. (Joel 4,3,. fi
Flan ,J-fcfut-inq lv 41 I r to, Pu ,o•-• ; .k1 and
v t elle „dsd g` a doresf1., 6 ) t, t f1,1) ne its
11 glass _.ree.yeling ent rtd todd dat,,...i.'entiiriat ion ,Shall - be • at
h e o e C -LCD d Oak a. an d
• 11 v ,
11 IIIP R E s - • .,.. id
„ d • it oil ‘}-1i Ring ----
T.keg is li upiann L. S.
Dato 11. Plmne
Reci-sii)en froro. thf,
di farthwitit if the utfee is
Address Broker
Phone _______
L. S.
Purchaser Eutri ce
ii ,rreby
!I be t_31 ,,!, and pa....fiLir‘ at the th:
the tin.:': of : election tu
11;er fn,"1:z k_d HMI of th05 11.
a, -1:-Jte .,4greu ,d Li idd (",:v ddd
Shail to paid to or t stained by L.
15' fIre :tt....t ,tntion of this insliTerLiat,
PRESENCliii OF:
I
,Jariittee.,;; the terms stated.
tetifter'ed sod . a com-mision
per ce.ni, of :, which shall
of the sale cr.. ta.i.ciastimmated, at
feittu.e., refusal to
or the terms of
ess of th: -el the full cern-
: sell:vices
acknowlai.::-.: the :receipt of .st eiy of this agreement.
L. S. , Seller
Seller is married, wife must 'sign)
L. S.
Seller
?",ddress
1,d
J1L-
11.5,
Purchaser
LL'Z' :4:-
Patro.lt.
Moved by Harrison supported by Dearbohl the resolution
be adopted.
Moved by Houghten supported by Burley the resolution be
, referred to the Finance Committee,
Discussion followed.
A sufficient majority not having voted therefor, the
motion lost.
Vote on resolution:
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
- Resolution #6161 adopted by the Oakland County Board of
4004 .44441.11.4 ,44044.44•a.assam..4444 4049444-4 •n •444-41644•40•40•941944414•140e44-40
Commissioners at their November 16, 1972 meeting
....... o 44“44444 we ¢.4 Pn Pi..6.51“114.4 4"444044-4.4.1690.* g•.n 17•001-10•019 S.11 C 00
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 1-Treunto- set my hand and
aff;!<ed the seal of said County at Pontiac, Michigan
16th November 72 this, day of.„..., ...... IQ
Lynn D. Al
P.PPV0 By„... Deputy Clerk 4544 4.4 .11,'"444421•4 ce4•4