Title
Resolution to Approve the First Amendment to Professional Services Agreement with Butzel Long for Legal Services Related to the Sale of the Above Ground Development Rights of 319 S. Fifth Ave. ($75,000.00 Amendment/NTE total $100,000.00)
Memorandum
Attached for your review and approval is a resolution to approve the First Amendment to Agreement Between the City of Ann Arbor and Butzel Long for Legal Services to support the sale of the above ground development rights for 319 S. Fifth Ave.
On April 17, 2017 City Council approved the sale of the above ground development rights on 319 S. Fifth Ave to Core Spaces (R-17-121), for a mixed-use development containing retail, office, hotel, workforce and market-rate residential apartments, and a public plaza.
At the time of approval, City Council approved an appropriation of $25,000 for an initial contract with Butzel Long to provide legal services to assist with the completion of the Agreement of Sale and to assess what other documents would be needed for the transaction. Now that the Agreement of Sale has been exectuted, the City and the developer will begin to complete other necessary transaction documents such as a condominium master deed, parking agreement, and workforce housing covenant.
This amendment will increase the $25,000 agreement with Butzel Long, by $75,000, for a total contract amount of $100,000 to provide legal services for the Library Lot transaction through closing. Funding for this agreement is available within existing approved expenditures. Funding for FY2018 will be from the City Administrator's contingency budget and funding for FY2019 will be available in the City Administrator's expenditure budget from temporarily unfilled, budgeted positions.
Butzel Long complies with the City of Ann Arbor's Non-Discrimination and Living Wage Ordinances.
Staff recommends approval of this amendment.
Staff
Prepared by: Kevin McDonald, Senior Assistant City Attorney
Reviewed by: Stephen K. Postema,...
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