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Opelika CRA eyes 2100 Lincoln property, seeks negotiating authority; staff updates on property management and RFPs
Summary
CRA staff presented an appraisal and asked the board for approval to continue negotiations to purchase two corner properties near Duval and Lincoln (appraisal $675,000); board members gave a general nod for negotiation. Staff also reported on property-management bids, tenant vacate notices and upcoming RFPs for downtown parcels.
The Opelika Community Redevelopment Agency discussed purchasing two corner properties near Duval and Lincoln — including a site identified as 2100 Lincoln Avenue — and authorized staff to continue negotiations with the owner after an appraisal of $675,000 for both parcels.
The interim executive director said the appraisal came back at $675,000 for both properties and the owner requested approximately 10% more than that appraisal. The director asked the board, "without objection, I can move on and continue my conversations" to…
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