Title
An Ordinance approving the Real Estate Sales Contract for the sale of City property to Dahmer Brothers Investment, LLC.
(NOTE: First reading by City Council on April 2, 2019. Passed by unanimous vote.)
Body
Issue/Request:
An Ordinance approving the Real Estate Sales Contract for the sale of City property to Dahmer Brothers Investment, LLC.
Key Issues:
The City owns remnant property near the intersection of Lee's Summit Road and NE Douglas Street which was acquired as a result of the realignment and reconstruction of Lee's Summit Road. The adjoining property owner, Dahmer Brothers Investments, LLC is interested in acquiring the City owned property to gain additional property for potential development. City staff negotiated the proposed Real Estate Sales Contract (Contract) for the sale of the property which includes approximately 82,707 square feet as represented in Exhibit A. The property to be sold through this Real Estate Sales Contract consists of areas represented in Exhibit A as PDE2, TCE, Tract 7, and section of the former Douglas Street right-of-way that would be vacated by the City to create a contiguous tract while reserving necessary easements within said right-of-way prior to said vacation. As stated in the Contract, within 30 days after closing, the City would initiate the vacation of right-of-way for the old Douglas Street area, but preserve any easements that may be necessary in this area. The Contract allows the buyer 30 days after the effective date of the Contract to perform due diligence for the purpose of exploring the buyer's intended purpose or use of the property. If the buyer determines the property is not suitable for the intended purpose, the buyer may deliver written notification to the City to cancel the Contract.
Proposed City Council Motion:
I move for adoption of an Ordinance approving the Real Estate Sales Contract for the sale of City property to Dahmer Brothers Investment, LLC.
Background:
On April 26, 2018 City...
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