During a recent Sioux City council meeting, Scott Mann, the new owner of the Ida Apartment Building located at 1901 Pier Street, addressed the council regarding the future of the property, which has been unoccupied since a fire led to its red-tagging. Mann, who has a history of successfully restoring similar properties, expressed his intention to restore the building to its former condition and requested the council to consider removing a $100,000 bond requirement imposed on the previous owner.
Mann detailed his efforts over the past six weeks to clean and secure the property, emphasizing his collaboration with city officials, particularly Daryl Bullock from the building and safety department, to submit necessary documentation for repairs, including a new roof. He highlighted his track record of restoring red-tagged properties in compliance with city regulations, which he believes warrants reconsideration of the bond requirement.
The council discussed the financial implications of the situation, noting that the previous owner had collected insurance for the property, which includes a check for $76,000 earmarked for demolition. However, the city does not currently possess this check. The estimated cost for demolishing the building is projected to exceed $100,000, potentially reaching $150,000.
Council members expressed a willingness to consider lowering the bond requirement, contingent upon confirmation that the insurance funds are still available. Mann's appeal to the council will be revisited once he submits the necessary documentation for a vote to stay the demolition. The outcome of this discussion could significantly impact the future of the Ida Apartment Building and its role in the community's housing landscape.