02/22/2016 Meeting Minutes - Laserfiche WebLink

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Minutes af the Regular Meeting of Council Monday, February 22, 2016 Page 10 Dr. Parker stated, I just wanted to make sure if we could possibly have a Village represent us. That would be the best thing for us. Roll Call: AYES: All Motion Carried NAYS: None Sa1e of Property located at 6827 Thornapple Authorized Motion to authorize the retention of a real estate agent from Howard Hanna and authorizing an expenditure in an amount equal to and for the customary realtor's commission and closing costs in connection with the• sale of the real property owned by the Village and located at 6827 Thornapple Drive in Mayfield Village, Ohio. Mrs. Mills, seconded by Mr. Jerome, made a motion to authorize the retention of a real estate agent. from Howard Hanna and authorizing an expenditure in an amount equal to and for the customary realtor's commission and closing costs in connection with the sale of the real property owned by the Village and located at 6827 Thornapple Drive in Mayfield Village, Ohio. Council President Saponaro.asked, any discussion? Mr. Jerome asked, we did an appraisal of the property last year and the numbers were $140,000? And the realtor came in and their original estimate was about $160,000? Mr. Wynne replied, the recommended listing price is $164,900. Mr: Jerome asked, do we have any idea what the customary realtor's commission cost is going to be? Ivlr. Wynne replied, 7%. Mr. Jerome asked, plus closing costs? Mr. Wynne replied, yes. Mr. Jerome stated, we felt we didn't want to have to deal with it in-house because who is going to go in there and show this house? Also, if it went to an auction, we might not get a good amount. So it is worth seeking a realtor if Council approves to move forward with this. Council President Saponaro asked, any other questions, comments or discussion? There was none. Roll Ca11: AYES: All Motion Carried NAYS: None Retention of Realtor Authorized Expenditure Approved