Saturday, June 25, 2022
Since 1854 — News from Montcalm County and Ionia County, Michigan
Rite Aid has now closed on the Breimayer lot property, according to Belding City Manager John Niemela.
Mayor Bruce Meyers told the City Council on July 20 he’d received word that Rite Aid intended to close on the long-debated property within the next few days.
The Belding City Council voted 2-2 to sell the Breimayer lot to Rite Aid in June, meaning the motion failed; however, the company could wind up purchasing the space before the month is over, should it choose to do so.
Since October 2019, the city has been in talks with MVC Properties, on behalf of Rite Aid, regarding the purchase of the Breimayer lot for $30,000. In May, city officials denied Rite Aid’s fourth official extension request to push the purchase and sale agreement an additional month.
Two parties are lobbying to purchase the Breimayer lot from the city of Belding and city officials are deadlocked as to how to proceed.
Since the autumn of 2019, the Belding City Council has been in talks with MCV Properties, operating on behalf of Rite Aid, for Rite Aid to purchase the lot from the city for $30,000. In May, city officials denied Rite Aid’s fourth extension request to push the purchase and sale agreement out from June 1 to July 1 in a 2-2 vote.
A split vote from the Belding City Council resulted in the city rejecting an offer from Rite Aid to extend a purchase and sale agreement of the Breimayer lot for a fourth time.
The City Council on Tuesday voted 2-2 to extend the city’s purchase and sale agreement with MCV Properties, operating on behalf of Rite Aid, from June 1 to July 1. The tie vote means the motion to approve the extension request failed.
With the Belding City Council having extended a purchase and sale agreement with Rite Aid three times in the past year, one councilman is wondering what the hold-up is.
In September 2019, the City Council approved a purchase agreement with MCV Properties, on behalf of Rite Aid, so Rite Aid could potentially relocate from inside the Covered Village Mall to the Breimayer lot.
