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mem MUSKEGON
Agenda Item Review Form
Muskegon City Commission
Commission Meeting Date: May 12, 2026 Title: Purchase of vacant lot at 1338 Arthur for
Future Housing Infill
Submitted by: Jake Eckholm, Development Department: Economic Development
Services Director
Brief Summary:
This lot is ideal for infill housing and is being offered to the City with a waiver of the Land Bank "5 in 50
Rule" for $3,500.
Detailed Summary & Background:
This lot is ideal for infill housing and is being offered to the City with a waiver of the Land Bank "5 in 50
Rule" for $3,500.
Goal/Action ltem:
2027 Goal 2: Economic Development Housing and Business
Is this a repeat item?:
Explain what change has been made fo justify bringing it back to Commission:
Amount Requested: Budgeted ltem:
$3,500 Yes No X | N/A
Fund(s) or Accouni(s): Budget Amendment Needed:
Housing Fund (447) Yes X | No N/A
Recommended Motion:
Motion to approve the lot purchase agreement as presented for 1338 Arthur and to authorize the
Mayor and Clerk to sign.
Approvals: Name the Policy/Ordinance Followed:
Immediate Division X
Head
Information
Technology
Other Division Heads
Communication
PURCHASE AGREEMENT
LOLE-BYSM
AGREEMENT between Muskegon County Land Bank Authority (Seller) of 173 E. Apple
Ave., Muskegon, Michigan 49442 and City of Muskegon (Buyer) of 933 Terrace St,
Muskegon, MI 49440.
The parties to this agreement to convey real estate agree as follows:
4. SELLER'S DISCLOSURE STATEMENT: Seller is the Muskegon County Land Bank
Authority and is exempt from providing a Seller's Disclosure Statement. Seller has not
occupied the property and makes no representation regarding the condition of the
property or suitability for any intended use. Seller advises buyer to seek legal counsel
before signing any agreement.
2. PROPERTY DESCRIPTION: Buyer offers to buy property located in Muskegon
County, PN#61-24-205-254-0001-00 commonly known as 1338 Arthur St, Muskegon,
MI 49442 and legally described as (see legal description attached as Exhibit A) subject
to existing building and use restrictions, zoning ordinances, and easements if any.
Seller agrees to grant Buyer at closing the right to make any divisions allowable under
Section 108 (2), (3), and (4) of the Michigan Land Division Act.
3. PRICE: Buyer offers to buy the property for the sum of Three Thousand Five
Hundred Dollars ($3,500.00).
4. TERMS: _ The Terms of Purchase will be as indicated by “X” below:
(Other unmarked terms of purchase do not apply.)
CASH The full purchase price upon execution and delivery of Quit Claim Deed. Buyer
Agrees to provide Seller verification of funds within five (5) days of the date this
Agreement is fully executed.
5. ACCEPTANCE: Written acceptance of this offer by buyer and seller must be
obtained by 5pm on May 15, 2026 or the offer is null and void. Acceptance of the offer
constitutes a binding agreement between the Buyer and Seller. Buyer agrees to deposit
$0, into an escrow account set up for the purpose of completing this sale, within 48
hours of the acceptance of the offer as a good faith deposit to apply to the purchase
price. If the Buyer defaults under the terms of the contract, any and all monies
deposited by Buyer shall be retained by the Seller as liquidated damages. If the Seller
defaults under the terms of the contract, the deposit shall be returned to the Buyer in full
termination of the agreement.
6. TERMS: Buyer will deliver the full purchase price at closing upon execution and
subsequent delivery of a Quit Claim Deed by the Seller. Buyer is responsible for
obtaining title insurance and any settlement fees.
7. BUYER'S PURCHASE CONTINGENCIES: Buyer's obligation is not contingent upon
the sale or exchange of any other property by Buyer.
Page 1 of 4
8. FIXTURES AND IMPROVEMENTS: All improvements and appurtenances are
included in the purchase price including, if there now, the following: all buildings;
landscaping; lighting fixtures, shades and bulbs; ceiling fans; drapery, curtains, shades,
blinds and hardware; kitchen appliances built-in, including garbage disposal; wall to wall
carpeting; attached mirrors, shelves, and workbenches; water softener (unless rented),
water heater; sump pump; incinerator; water pump and pressure tank; heating and air
conditioning units (window units excluded); attached humidifiers; heating units including
wood stoves; fireplace screens, doors, grates, and inserts; liquid heating or cooking
units and equipment; and detached storage buildings, and certain other personal
property to be agreed upon by Buyer and Seller prior to closing. Buyer agrees to
make any improvements as mandated by local municipality ordinance.
9. PROPERTY TAXES AND ASSESSMENTS: Seller will pay all delinquent taxes prior
to closing. All taxes billed or to be billed in the year of closing will be paid by the
buyer. Buyer agrees to assume the balance of any existing special assessment; and
pay any installments, which are due and payable on the property in the year of the
closing.
10. SURVEY: The Buyer may arrange and pay for a boundary stake survey with
improvements and easements showing on the survey. The Buyer shall have the right to
terminate this agreement if the survey reports are not acceptable to the Buyer by giving
written notice within seven (7) calendar days after this agreement is fully executed.
11. INSPECTIONS: The Buyer may arrange and pay for an inspection of the buildings
on the property. The Buyer may arrange and pay for inspections for termites or pests,
plumbing, heating, venting, air conditioning, electrical, structural, and roof. The Buyer
shall have the right to terminate this agreement if the inspection reports are not
acceptable to the Buyer by giving written notice within five (5) calendar days after this
agreement is fully executed. Buyer agrees that Buyer is not relying on any statement or
representation by Seller except as expressly set forth in this agreement. Buyer agrees
to accept premises at closing "as-is", if substantially similar to the conditions at
inspection. In the event of a loss or casualty to the premises, the Buyer may elect to
terminate the agreement by written notice to the Seller.
12. CLOSING: Closing will be held on or before June 30, 2026.
13. POSSESSION: Seller will maintain the property in its present condition until the
completion of the closing of the sale. Physical possession to be delivered to the Buyer
at closing. Seller will remove all personal property, with the exception of personal
property to be transferred to the Buyer pursuant to Paragraph 7 of this agreement; and
make arrangement for final payment of utilities; and deliver all keys to Buyer at the date
of delivery. Buyer is responsible for eviction of any occupants.
14. SUCCESSORS AND ASSIGNEES: The terms of this contract shall bind all
successors, heirs, administrators, trustees, executors and assignees of the parties.
15. DISCLOSURES: The undersigned have read the above information, understand
it, and verify that it is correct and accept all the above terms and conditions. Buyer and
Page 2 of 4
Seller acknowledge that they will seek legal, tax, environmental and other appropriate
professional advice regarding this transaction. Buyer further agrees that the Buyer is
not relying on any representation or statement made by Seller regarding any aspect of
the property or the sale transaction, except as expressly set forth in this agreement, or
amendment to this agreement. This agreement is the final expression of the complete
agreement of the parties and there are no oral agreements existing between the parties
relating to this transaction. This agreement may be amended only in writing signed by
the parties and attached to this agreement. The parties agree that any signed copy of
this agreement transmitted by facsimile or other electronic means shall be competent
evidence of its contents to the same effect as an original signed copy.
46. PRIOR OWNER PURCHASE: In the event of a sale to a prior owner of the
property, Buyers acknowledge and agree that, pursuant to the Michigan Supreme Court
Opinion in the case of Rafaeli, LLC v. Oakland County, Buyers have a vested property
right to the surplus proceeds resulting from the tax foreclosure sale of the Property.
Buyers freely and voluntarily waive any right, title or interest in or to any surplus
proceeds resulting from the tax foreclosure sale of the Property by the Muskegon
County Treasurer or the Muskegon County Land Bank Authority. Buyers hereby further
agree to indemnify, defend and hold the Muskegon County Land Bank Authority
harmless from and against any and all losses, claims, expenses, damages, costs
(including attorney fees) and causes of action of any kind which may be brought by
Buyers with respect to the surplus proceeds resulting from the tax foreclosure sale of
the Property. The waiver indemnification provisions contained in this paragraph shall
survive the termination or expiration of this Agreement, and shall not be deemed
merged into any deed delivered to Buyers hereunder.
Buyer hereby acknowledges receipt of a copy of this agreement.
Buyer(s):
C
Dan Croat (us on Yenn PA O- JPnnspn
Print name as to appear on documents Print name as to appear on documents
Buyer address: 1224 Veccace Greet
Email: jake eclknpim @ Shoreline City. Cw
Buyer phone: _23\-Ja\-le 1% UV
Date signed: S- 1 Ze
Seller hereby acknowledges receipt of a copy of this agreement.
Page 3 of 4
Seller: a ae
Tony Moulatsiotis, Chairman
Print name as to appear on documents
Seller address: 173 E. Apple Ave., Suite 104
Muskegon, MI 49442
Seller phone: 231-724-6170
Date signed: PZAy / Ss, aS og es
Page 4 of 4
Exhibit A
Legal Description of Property:
The Northerly 84 Feet of Lot 1, Block 254, Revised Plat of 1903 of the City of
Muskegon, as recorded in Liber 3 of Plats, Page 71, Muskegon County, Michigan,
Muskegon County Records
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