City of South Haven Resolution 25-4 Sale of Real Estate and Development Agreement
South Haven Approves Land Sale to Roofing Firm
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Description
The City of South Haven approved the sale of a 3-acre parcel in the I-196 Business Park to Lakefront Roofing & Exteriors, L.L.C. for an abated purchase price of $50,000 against an appraised value of $124,452. The agreement ties pricing and closing to detailed pre-closing approvals and post-closing development obligations.
Contract Details
Contract Amount
Appraised Purchase Price $124,452; Abated Purchase Price $50,000 (paid at closing)
Vendor
LAKEFRONT ROOFING & EXTERIORS LLC
Agency
City of South Haven, MI
Contract Type
FACILITIES
Document Date
January 6, 2025
Contract Term
Inspection period 60 days after Effective Date; closing within 15 days after expiration of Development Approval Period; development milestones up to 24 months after Effective Date
Renewal Info
Single real estate transaction with development-performance-based recapture provisions tied to the appraised purchase price; no recurring renewal terms.
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