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Waunakee will split cost of appraisal for 105 E. Second St.; seller to reimburse if property sold within six months
Summary
The Village Board authorized the village administrator to pursue a fair-market appraisal of 105 East Second Street, sharing the cost 50/50 with the owner using TID funds; the board added an amendment requiring the owner to reimburse the village half the appraisal if the owner sells the property within six months.
The Waunakee Village Board on July 22 agreed to split the cost of a fair-market appraisal of the historic property at 105 East Second Street, using Tax Increment District funds for the village’s share. Village staff said the appraisal (estimated at about $3,000) would replace reliance on assessed value and help the board evaluate whether to pursue purchase.
Todd, the village administrator, told the board the property is adjacent to Reeve Park and the village’s recent plaza…
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