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Council reviews homestead plan to sell vacant residential lots for $1,000 to nonprofits or adjacent homeowners; public hearing set
Summary
Staff described a homestead plan that would allow nonprofits and homeowners to buy certain residential vacant lots for $1,000 subject to approval processes and requirements to combine side lots; the plan preserves council approval over transfers and is scheduled for a Community Development Committee public hearing on Nov. 5.
City staff presented a homestead plan to allow nonprofits and adjacent homeowners to acquire certain vacant residential lots at a $1,000 transfer price, subject to approval processes and conditions.
Staff said current practice allows a single organization (named in the discussion as Dunlick) to receive transfers at $1, but the proposed homestead plan would set a $1,000 price for eligible nonprofits that meet the same regulatory requirements…
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