It took three trips to City Hall to get it done, but we submitted our term sheet today. The term sheet is just a piece of paper saying that you agree to move forward with the purchase with the house in “as-is” condition and that you hold the City of Buffalo responsible for nothing, never, no more. It’s like the waiver you sign before you play laser tag, but instead of lasers and vests it’s floor joists and deeds.
With that sheet in, the next step is to get the sale on the agenda for Common Council, so they can approve the sale and we can close on the house. Here’s the thing; Council goes on recess in the later part of August. And the deadline for getting on that agenda before that recess is tomorrow. Jump shot from half court at the buzzer, folks. This is for the game.