SALE OF CITY OWNED PROPERTY

Item 10: Consideration of Sale of City Owned Property at 811 and 815-821 Hammond Street and Approval of Entering into Home Purchase Agreement with Michael Lewis (high bid = $40,000; no upset bids received; requires receipt of certificate of occupancy within 18 months; deed to contain restrictive covenants requiring houses to be occupied by individual(s) whose income is not more than 80% of the area median income for at least ten (10) years; requires note/deed of trust and at least annual monitoring)

Recommended Action: Adopt Resolution Accepting Offer to Purchase Surplus Property (pursuant to terms Home Purchase Agreement previously approved) and Authorize Mayor and City Clerk to execute Deeds and Such Other Documentation to Convey Property)

Votes:

Knight - Y
Blackwell - Y
Joyner - Y
Walker - Y
Daughtridge - Y
Bullock - Y
Miller - Y