Narrative of Resolution:
title
Authorize a Letter of Intent with the Roman Catholic Church of Saint Peter-Saint Anne of the Lake Saint Joseph and Saint Joseph for the potential purchase of real property.
end
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If Resolution requires expenditure of County Funds, provide the following information:
Amount to be authorized by Resolution: $85,000
Are funds already budgeted? No
If ‘Yes,’ specify appropriation code(s):
If ‘No,’ specify proposed source of funds: Contingent - would only be need to be paid if HONOR receives grant.
Specify Compliance with Procurement Procedures:
RESOLUTION INTRODUCED BY EXECUTIVE COMMITTEE TO AUTHORIZE A LETTER OF INTENT WITH THE ROMAN CATHOLIC CHURCH OF SAINT PETER-SAINT ANNE OF THE LAKE-SAINT JOSEPH AND SAINT JOSEPH FOR THE POTENTIAL PURCHASE OF REAL PROPERTY
WHEREAS, the County Manager and the Roman Catholic Church of Saint Peter-Saint Anne of the Lake-Saint Joseph and Saint Joseph have negotiated a letter of intent for the purchase and sale of a former school building situated on a larger tax parcel known as Section 111, Block 5, Lot 1 in Sullivan County, NY; and
WHEREAS, the County desires to acquire the property for purposes of siting a transitional housing facility; and
WHEREAS, the letter of intent allows for a due diligence period allowing time for the satisfaction of various contingencies.
NOW, THEREFORE, BE IT RESOLVED, that the Sullivan County Legislature hereby authorizes the County Manager to sign a letter of intent for the purchase of real property, which is a certain piece of 482 Broadway, Monticello, New York consisting of a former school building situated on a larger tax parcel known as Section 111, Block 5, Lot 1 in Sullivan County, NY, in an amount of eighty-five thousand dollars ($85,000) to be in such form as the County Attorney shall approve; and
BE IT FURTHER RESOLVED, that the County Legislature authorizes payment of ten percent (10%) of the purchase price to be placed in escrow during the due diligence period.