19-036N MAC '14 NO
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WHEREAS, On July 23, 2018, the City Council approved a sale of a city -owned parcel
at 22000 Stratford Place; and,
WHEREAS, One of the conditions of the purchase agreement with the Buyer, was the
Buyer had the right to conduct soil investigations prior to the closing of the sale; and,
WHEREAS, The Buyer conducted a soil inspection and determined that there were
very poor conditions, and in order to build a house on the property, his investigation
showed it could be done but at a significant expense; and,
WHEREAS, Given the additional expense, the Buyer has requested, and Staff is
recommending that the sale price be lowered from the $155,000 approved on July 23,
2018 to $145,000.
NOW THEREFORE BE IT RESOLVED by the Shorewood City Council, that;
1. The Council finds the sale is in the best interest of the city and approves the sale
of the property with the address 22000 Stratford Place
2. The Amendment to the purchase agreement as attached to this Resolution is
hereby approved.
3. Directs staff work with the buyer and others to ensure the sale is completed in a
timely manner.
Adopted this 25th day of March, 2019.
16;
ity Clerk