File #: 24-0002    Version: 1 Name: Offer to purchase Wyatt Court Property
Type: Contract Status: Other Business
File created: 12/27/2023 In control: City Council
On agenda: 1/9/2024 Final action: 1/9/2024
Title: Discussion and action on sale of Wyatt Court Property
Sponsors: Engineering Department, Tim Begley
Attachments: 1. Smith Offer, 2. Smith Map

Title

Discussion and action on sale of Wyatt Court Property

 

Body

SUMMARY: The City Council approved an offer in 2020 in the amount of $210,000 for ±21.8 usable acres for a total acreage of ±25.0 acres on Wyatt Court.  The property is shown on the attached map “Smith Map” shown in green. The transaction to sell the property never occurred.  Bryan Srock is interested in purchasing 4.94 acres of the property and offered $10,500/acre.

 

BUDGET ACCOUNT:

 

Recommended Action

NECESSARY COUNCIL ACTION: Rescind previous offer, discuss an appraisal