Council Approves New Real Estate Purchase and Development Deal With 207 Monroe St. Developer

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 04/04/2019 - 00:38

Saline City Council unanimously approved a new real estate and purchase agreement with High Meadow Development LLC, that governs the sale and development of 207 S. Monroe St.

The city originally agreed on a deal to sell 3.6 acres to Damian Farrell’s company in January of 2016. But Farrell’s plans for a community of modular condominiums came to a halt when the manufacturer of the units went out of business. Neighbors weren’t pleased by the state of the property as it sat idle. And they were even less pleased when Farrell returned to the city with a plan for 10 extra units on the property.

City council voted late in 2018 to hold the line on the 30 units stipulated in the original contract.

The deal city council agreed to Monday night again stipulates a development with 30 units. Another key to the deal are parameters around timing. Once council reviews and approves the design and character of the development, Farrell will have 30 days to submit a site plan application. The parameters also require the developer to answer any questions the planning commission may have with 30 days. After final site plan approval, Farrell will have 30 days to apply for building permits. After construction permits are issued, Farrell will have 180 days to begin construction – though there are some provisions for weather and other factors. Farrell also agreed that all construction will be completed within 24 months of the start of construction. Failure to meet that target would raise the price Farrell paid for the property by $35,000.

Farrell originally agreed to pay $200,000 for the property after the city agreed to eat the cost of moving utilities.

The motion was moved by Councillor Jack Ceo and seconded by Christen Mitchell.

Councillor Dean Girbach said he appreciated the deal.

“There may still be issues that have to be resolved, from the planning commission’s point of view, but this gets us back to where we want to be,” Girbach said. “Because we need to add diversity in housing.”

Tran Longmoore's picture
Tran Longmoore
Tran Longmoore is a veteran community journalist. He is founder and owner of TheSalinePost.com. He is co-publisher of The Saline Post weekly newspaper. Email him at [email protected] or call him at 734-272-6294.

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