City of Novi AgendaPacket Purchase Agreement Approval 2026-06-22
Title Insurance Commitment with First American Required
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Description
The Purchase Agreement requires Novi Community School District to obtain a $25,000 ALTA Owner’s Policy of Title Insurance from First American Title Insurance Company for the Civic Center stormwater parcel being conveyed by the City. The district will pay all associated title commitment and endorsement costs as part of the property transfer.
Contract Details
Contract Amount
$25,000.00 (title insurance policy amount)
Vendor
FIRST AMERICAN TITLE INSURANCE COMPANY
Agency
City of Novi, MI
Contract Type
INSURANCE
Document Date
June 22, 2026
Renewal Info
Single real estate title insurance policy tied to the property conveyance; no renewal provisions described.
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