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HomeMy Public PortalAbout1484th Board Journal 3-11-2010 Closed SessionClosed Session Meeting Journal Board of Trustees Meeting March 11, 2010 Oriole / Gilmore Detention Basin Extension Project MSD staff represented by Messrs: Theerinan, Hayman, Hoelscher and Tyminski called upon Ms. Leslie Metts from O.R. Colan and Associates, a licensed Real Estate broker responsible for administering the District's property buyout programs to give a presentation regarding the purchase of two properties located at 8529 Gilmore and 8523 Robin Street in St. Louis City needed for the Oriole / Gilmore Detention Basin Extension Project. She indicated that the property at 8529 Gilmore Street has an appraised value of $78,000 and the parcel at 8523 Robin has an appraised value of $80,000 each parcel also qualifies for a subsidy of $5,350 per property to cover title work, relocation assistance and closing costs (Title and closing $825 and Relocation $4,525). These properties are needed for a storm water mitigation project. Motion to introduce the purchase of 8529 Gilmore Robin and 8523 Robin for the terms stated above made by Mr. Berry and seconded by Mr. Visintainer. Mr. Ross Aye Mr. Goffstein Aye Mr. Visintainer Aye Mr. Berry Aye There was no objection to the suspension of the rules. Motion to adopt or authorize the purchase of 8529 Gilmore and 8523 Robin for the terms stated above made by Mr. Berry and seconded by Mr. Visintainer. Mr. Ross Aye Mr. Goffstein Aye Mr. Visintainer Aye Mr. Beny Aye r- Attest \ . E A Karl J. Tyminski Secretary -Treasurer October 7, 2010 Posted 4:45 pm