Notice of Sale of Land

In regards to the Kent County Road Commission’s Request for Proposals for 1500 Scribner Ave NW, 1600, 1632 and 1660 Turner Ave NW, Grand Rapids, Michigan 49504, which were due on February 28, 2019 at 10:30 a.m., the Commission received one proposal.  The proposal was from 2722 Vassar LLC (Christopher Weller) which included the following primary terms:  (1) purchase price of  $5,050,000.00 to be paid in full at the closing; (2) sale to include all fixtures and furniture; (3) all post-closing rent under the existing leases to Kent County Drain Commission and Kent County Department of Public Works to be paid to the buyer; and (4) Kent County Road Commission to lease the property back from the buyer at a base rental rate of $82,500.00 per month until December 31,2020 with option to extend month-to-month for up to one (1) year. The Kent County Road Commission is currently evaluating the proposal.

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