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File #: 2014-0274    Version: 0 Name: Temporary Occupancy Agreement - Boley Farm
Type: MOTION Status: PASSED
File created: 5/1/2014 In control: Board of Trustees
On agenda: 5/5/2014 Final action: 5/5/2014
Title: Temporary Occupancy Agreement - Boley Farm
Attachments: 1. Temporary Occupancy Agreement, 2. Fully Executed Agreement

Title

Temporary Occupancy Agreement - Boley Farm

 

History

 

On August 31, 2001 the Village purchased the Boley Farm located at 8101 West 151st Street subject to a life estate of the seller, Glenn B. Boley.  Mr. Boley passed away on April 3, 2014 thus bringing the terms of the life estate to an end.

 

Mr. Boley's family is requesting that the Village allow family members who reside in the home to remain there continuing to lease the residence until June 30, 2014.

 

Attached is the Temporary Occupancy Agreement for your consideration.  The term of this agreement is April 3, 2014 through and including June 30, 2014.  The occupants are responsible for payment of all maintenance and utility charges and expenses during this time.  The agreement includes a provision to indemnify the Village.

 

 

 

Financial Impact

Occupants shall pay the Village the sum of $450.00 per month

 

Recommended Action/Motion

I move to approve the Temporary Occupancy Agreement for the Boley Farm residence.