Wichita County hires appraiser to value Sprague Annex building for potential sale or disposition
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Summary
The commissioners approved hiring Henderson Appraisals for up to $4,500 to produce a market appraisal of the Sprague Annex building; staff said supporting acquisition files are available to the appraiser and the report is expected in roughly 10–20 days.
Wichita County commissioners voted to hire Henderson Appraisals and Consultants to produce a professional appraisal of the Sprague Annex building, at a cost not to exceed $4,500 to be paid from department 409.
Commissioners said the appraisal will supply a market value to guide future decisions about the building, which county records or recent references showed with an unclear valuation on file. The county expects to receive the appraisal within about 10 to 20 days if the firm can begin work promptly.
Why it matters: The county is considering options for the Sprague Annex building, including possible disposition or reuse, and commissioners said a current professional appraisal is necessary to negotiate or evaluate offers. Commissioners noted existing archival documents and acquisition records are available to the appraiser through county staff and the former economic development council files.
Discussion and next steps: The motion, made by Commissioner Fincannon and seconded by Commissioner Beecham, passed 5-0. Commissioners directed staff to provide the appraiser with existing documentation held by county staff and with Glenn Barham at the Hamilton office, and asked that the county auditor determine the precise payment lines within department 409.
The appraisal contract is for a single market-value report; commissioners said the product should be valid for one to two years for negotiation purposes. The item passed by voice vote and staff will return any follow-up documents or findings to the court as appropriate.
