Waste District Looks To Buy Property For Collection Site
July 28, 2016 at 4:25 p.m.
If all the contingencies are met, Kosciusko County Solid Waste Management District will purchase property at 225 S. Union St., Warsaw, for its offices and for a permanent household hazardous waste collection site.
Wednesday, the district board approved a resolution to authorize the execution of the contract. The district will pay Jerry Buchan, the property owner, $200,000 for the property, which will be due and payable in full on the closing date.
Contingencies that must be met include: the district must find satisfactory first mortgage financing in an amount equal to at least 90 percent of the purchase price; the Warsaw Plan Commission or other zoning agencies must state the zoning for the premises is satisfactory; and the district must receive from its engineer or architect a written opinion that the building and facilities can be converted to use as a waste collection facility and offices at a reasonable cost and expense.
If any of the contingencies are not met within 60 days of the acceptance of the agreement by Buchan, the district has the right to terminate the agreement without penalty or obligation.
In addition, Buchan must provide and furnish at his cost a survey of the property, prior to the closing date of the agreement. The district will pay $1,000 to Buchan as earnest money.
The closing of the transaction will be at the district's current office, 112 E. Center St., Warsaw, at 10 a.m. 30 days after the date on which all the contingencies are met.
Mike Armey, attorney for the district, said Buchan agreed to everything in the contract. He also reminded the board the cost is the value the appraisals put on the property. "Financing (for the purchase of the building and land) will have to be approved by the county council," he said.
The four members of the board that approved the agreement include Warsaw city councilman Joe Thallemer, Winona Lake councilman David Delp, and county commissioners Brad Jackson and Eddie Creighton.
In other business, the board approved a resolution to appropriate additional funds for professional services and grant expenditures.
The board discussed the need for the district to remain within its budget and not spend money just because it's available.
Board members not present at the meeting include Warsaw Mayor Ernie Wiggins, county commissioner Avis Gunter and county councilwoman Kathryn Teel. [[In-content Ad]]
If all the contingencies are met, Kosciusko County Solid Waste Management District will purchase property at 225 S. Union St., Warsaw, for its offices and for a permanent household hazardous waste collection site.
Wednesday, the district board approved a resolution to authorize the execution of the contract. The district will pay Jerry Buchan, the property owner, $200,000 for the property, which will be due and payable in full on the closing date.
Contingencies that must be met include: the district must find satisfactory first mortgage financing in an amount equal to at least 90 percent of the purchase price; the Warsaw Plan Commission or other zoning agencies must state the zoning for the premises is satisfactory; and the district must receive from its engineer or architect a written opinion that the building and facilities can be converted to use as a waste collection facility and offices at a reasonable cost and expense.
If any of the contingencies are not met within 60 days of the acceptance of the agreement by Buchan, the district has the right to terminate the agreement without penalty or obligation.
In addition, Buchan must provide and furnish at his cost a survey of the property, prior to the closing date of the agreement. The district will pay $1,000 to Buchan as earnest money.
The closing of the transaction will be at the district's current office, 112 E. Center St., Warsaw, at 10 a.m. 30 days after the date on which all the contingencies are met.
Mike Armey, attorney for the district, said Buchan agreed to everything in the contract. He also reminded the board the cost is the value the appraisals put on the property. "Financing (for the purchase of the building and land) will have to be approved by the county council," he said.
The four members of the board that approved the agreement include Warsaw city councilman Joe Thallemer, Winona Lake councilman David Delp, and county commissioners Brad Jackson and Eddie Creighton.
In other business, the board approved a resolution to appropriate additional funds for professional services and grant expenditures.
The board discussed the need for the district to remain within its budget and not spend money just because it's available.
Board members not present at the meeting include Warsaw Mayor Ernie Wiggins, county commissioner Avis Gunter and county councilwoman Kathryn Teel. [[In-content Ad]]