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Council briefed on due-diligence license for Public Safety building as potential sale advances
Summary
City staff said a prospective purchaser seeks limited access to conduct due diligence on the Public Safety building at 511 South State Street and requested a license agreement for assessment activity; councilors discussed appraisal, co-ownership with the county and the need for an appraisal before a sale ordinance.
City staff told the Common Council that a prospective buyer of the Public Safety building at 511 South State Street wants to conduct due diligence and requested a license agreement to allow assessment activities on the property.
The presenter said the work would be limited to assessment and not include intrusive activities such as…
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