Feb. 3 Agenda: Edwards Brothers Land Buy
Now on the Ann Arbor city council’s Feb. 3, 2014 agenda is a resolution to move ahead with the purchase of the 16.7-acre Edwards Brothers Malloy property on South State Street. The University of Michigan has made an offer to Edwards Brothers to purchase the property for $12.8 million, but the city has a right of first refusal.
The item was added to the agenda on Thursday, Jan. 30 and is grouped with staff-generated items. City administrator Steve Powers is indicated on the council’s agenda as the originator of the item. The resolution approves the exercise of the city’s right of first refusal, appropriates necessary funds, and directs the city administrator to notify Edward Brothers Malloy about the exercise of the city’s right. As … [Full Story]