Title
Resolution to Approve the Purchase of Real Property Located at 2725 Kimberley Road for $197,000.00 Plus Costs Not to Exceed $20,000.00 ($217,000.00) (8 Votes Required)
Memorandum
Below for your review and action is a resolution to approve the purchase of the vacant property located at 2725 Kimberley Road, Ann Arbor, MI 48104 (approximately 0.23 acres), Tax Parcel 09-12-03-305-069 in fee title for $197,000.00 from the Seller, Richard L. Smith and Susanne L. Smith, on the terms set forth in the proposed Purchase Agreement (see attached).
The parcel in question is currently vacant. The Gravel Roads Drainage Study has recommended a drainage improvement to address flow and conveyance in the vicinity near Molin Nature Area. This parcel is adjacent to the nature area and acquiring it would provide access and conveyance for future drainage improvements.
In compliance with the requirements of Code Section 1:321, the City obtained an appraisal of the property in September 2026.
Budget/Fiscal Impact: Funds for this property purchase are available in the approved Stormwater Fund budget. Funding for the purchase will include the purchase price plus due diligence and closing costs for a total amount not to exceed $217,000.00.
Staff
Prepared by: Jennifer Lawson, Water Quality Manager
Skye Stewart, Chief of Staff
Reviewed by: Jordan Roberts, Public Services Area Administrator
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, Acquisition of the parcel at 2725 Kimberley Road provides opportunities for improvement to the City’s stormwater management system;
Whereas, The City obtained an appraisal of the parcel in compliance with Code Section 1:321, and City staff and the property owners have engaged in negotiations for the purchase and sale of the property and have agreed on a purchase price of $197,000.00;
Whereas, City staff recommend approval of the proposed Purchase Agreement for the property at a price of $197,000.00, plus due diligence ...
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