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2.5. ERMUSR 07-12-2016
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2.5. ERMUSR 07-12-2016
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7/11/2016 11:00:28 AM
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City Government
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ERMUSR
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7/12/2016
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Troy informed the Commission that as soon as we receive the purchase agreement, staff will be <br /> setting up a meeting with the buyers to sign the paperwork. Legal counsel has suggested earnest <br /> money in the amount of 5%of the$300,000 purchase price. Staff anticipates being able to schedule <br /> a local closing to take place within the next two to four weeks.Daryl Thompson asked if ERMU <br /> would be paying the closing costs. Staff responded that ERMU would be paying for the closing <br /> costs. <br /> Al Nadeau made a motion to approve the resolution authorizing the purchase of the three <br /> parcels for$300,000. Daryl Thompson seconded the motion. Motion carried 3-0. <br /> 6.0 OTHER BUSINESS <br /> 6.1 Adjourn Meeting <br /> Daryl Thompson moved to adjourn the special meeting of the Elk River Municipal <br /> Utilities Commission at 9:04 a.m. Al Nadeau seconded the motion. Motion carried 3-0. <br /> Minutes prepared by Michelle Canterbury. <br /> John J.Dietz <br /> Chair,ERMU Commission <br /> Tina Allard <br /> City Clerk <br /> Page 2 <br /> Special Meeting of the Elk River Municipal Utilities Commission <br /> June 24,2016 <br /> 33 <br />
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