Title
Resolution to Approve the Purchase of Real Property Located at 519 Eighth Street in Fee Title for $180,000 Plus Costs Not to Exceed $20,000 and to Appropriate Funding from the Solid Waste Fund Balance ($190,000) (8 Votes Required)
Memorandum
Below for your review and action is a resolution to approve the purchase of the vacant property located at 519 Eighth Street, Ann Arbor (4,792 square feet or 0.11 acres), Tax Parcel 9-09-29-309-036 in fee title for $180,000.00 from the Seller, Gloria K. Lewis Trust on the terms set forth in the proposed Agreement of Purchase and Sale (see attached Agreement signed by Seller Trustee).
The parcel in question is currently vacant and is located on the portion of Eighth Street south of W. Liberty Street which is narrow and dead ends with no cul de sac to allow vehicles to turn around. It appears Eighth Street was supposed to extend south and connect to Jefferson Court, but the connection was never completed. City solid waste vehicles are unable to turn around after servicing the residences on this part of Eighth Street and must back out the full length of this section to Liberty Street. If purchased, the Parcel could be used as a turn-around by City solid waste vehicles.
The City would also benefit from acquiring the Property because it will ensure the City has continued access to the 10-foot wide sanitary sewer easement running along the Property's northern boundary. The sanitary sewer main is not centered within the easement and the sewer pipe is located just 3 feet from the easement's southern boundary. If a dwelling were built on the parcel, the City's sewer maintenance, repairs and replacement would likely be made more difficult and costly.
In compliance with the requirements of Code Section 1:321, the City obtained an appraisal of the Property in May 2021 which determined the Property's fair market value to be $120,000. The Seller provided its own appraisal which valued the Property at $245,000. The propos...
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