MUNI-DETROIT COUNTYlocal legislationNew Business

Sale of City-Owned Property at 5444 Michigan Avenue

Original title: Submitting reso. autho. sale to Oscar Speight of Real Property at 5444 Michigan Avenue, Detroit, MI 48210. (The Planning and Development Department entered into a Purchase Agreement dated February 13, 2017 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for Three Thousand One Hundred and 00/100 Dollars ($3,100.00) (the “Purchase Price”). Offeror proposes the use of the property as adjacent parking for their neighboring furniture business. The use is permitted as a matter of right in this B-3 zone.)

March 23, 2017

real estate land use economic development Detroit

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The Frame

What this does

The city is transferring ownership of a specific parcel of land to a private business owner, which removes the property from city inventory and changes its tax status.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Oscar Speight

He is the purchaser of the property and will gain ownership rights.

City of Detroit

The city is divesting itself of a specific real estate asset.

What changed

Last recorded activity March 23, 2017.

What's next

Next step not available in the current record.

Summary

This resolution authorizes the City of Detroit to sell a property located at 5444 Michigan Avenue to Oscar Speight for $3,100. The buyer intends to use the land as parking for an adjacent furniture business.

Key Facts

The City of Detroit is selling the property at 5444 Michigan Avenue to Oscar Speight.
The purchase price for the property is $3,100.
The property will be transferred via a Quit Claim Deed.
The buyer intends to use the property as parking for an adjacent furniture business.
The proposed use of the property is permitted under the current B-3 zoning designation.
The Planning and Development Department entered into the purchase agreement on February 13, 2017.

Frequently Asked Questions

Who is buying the property?

Oscar Speight is the purchaser.

What will the property be used for?

The buyer plans to use the land as parking for their neighboring furniture business.

How much is the city selling the property for?

The purchase price is $3,100.

Why It Matters

The city is transferring ownership of a specific parcel of land to a private business owner, which removes the property from city inventory and changes its tax status.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

temporal pattern90% confidence

Delayed Processing

The purchase agreement was signed in February 2017, but the resolution was introduced in April 2017, indicating a two-month administrative lag.

Planning and Development Department

Connected Entities

organizationPlanning and Development Department“The city department that negotiated the purchase agreement.”Map →

personOscar Speight“The individual purchasing the property.”Map →

location5444 Michigan Avenue, Detroit, MI 48210“The specific real property being sold.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance20
How much this matters to a regular citizen
Controversy5
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz5
Current news / social attention level

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