OTHERPENDING

City of Novi AgendaPacket Purchase Agreement Approval 2026-06-22

Novi Conveys Stormwater Basin Parcel to School District

$25,000.00 (title insurance amount referenced; no separate purchase price stated)City of NoviNOVI COMMUNITY SCHOOL DISTRICTJune 22, 2026

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Description

The City of Novi is approving a Purchase Agreement to convey a portion of its Civic Center stormwater basin property to the Novi Community School District to support planned high school campus and activity center improvements. In exchange, the school district will expand, beautify, and maintain the basin while providing future drainage capacity for the City and accepting related easement and title obligations.

Contract Details

Contract Amount

$25,000.00 (title insurance amount referenced; no separate purchase price stated)

Vendor

NOVI COMMUNITY SCHOOL DISTRICT

Agency

City of Novi, MI

Contract Type

OTHER

Document Date

June 22, 2026

Contract Term

Closing to occur within thirty (30) days of satisfaction of contingencies in Paragraphs 8 and 10; ongoing easement and maintenance obligations with no fixed end date

Renewal Info

No fixed end date; stormwater and access/utility easement obligations run with the land and continue as long as the properties are used under the agreement. Closing must occur within 30 days after all inspection, regulatory, title, and master plan conditions are satisfied.

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