APPROVING A PURCHASE AND SALES AGREEMENT BETWEEN THE CITY OF
STAMFORD AND AEL REALTY HOLDINGS
FOR PROPERTIES LOCATED AT 3, 7, 11, 15, 17, 21, 15 AND 27 WEST PARK PLACE
NOW THEREFORE BE IT RESOLVED BY THE 26TH BOARD OF REPRESENTATIVES THAT:
Pursuant to Section C1-50-3 of the Stamford Charter and Section 9-7 of the Code of Ordinances, THE PURCHASE AND SALES AGREEMENT, attached hereto and made a part hereof, between the City of Stamford and AEL Realty Holdings, Mill River Tower Associates, LLC and Snowfield Associates, LLC, collectively called the SELLER, whereby the SELLER agrees to sell and the City agrees to purchase properties located at 3, 7, 11, 15, 17, 21, 25 and 27 West Park Place for the total purchase price of Three Million Six Hundred Twenty Five Thousand Dollars ($3,625,000.00), and in accordance with the terms and conditions contained in said Agreement, is hereby approved and the Mayor is hereby authorized to execute said Agreements.