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Council approves sale of 519 East Beale Street to Historic Electric Vehicle Foundation
Summary
The council voted to accept a $925,000 bid from the Historic Electric Vehicle Foundation to buy 519 East Beale Street; the buyer agreed to keep the upper parking lot open to the public and staff estimated city maintenance costs for that lot.
The Kingman City Council voted April 15 to sell the city-owned building at 519 East Beale Street to the Historic Electric Vehicle Foundation for $925,000 and directed staff to open escrow to transfer title.
Staff told council the property comprises parcels 30308119 and 30308122A and was appraised at $1,010,000. The single bid from the Historic Electric Vehicle Foundation was lower than the appraisal but included a condition that the upper parking lot (parcel 30308122A) remain freely accessible to the public. Staff estimated that if the city maintained the upper parking lot, six-year maintenance costs would total approximately $95,000 to $105,000.
Bennett, a city staff member presenting the item, described the prospective buyer’s plan to expand an existing electric vehicle museum into a standalone facility and said tourism and economic development staff view the proposed museum use as aligned with council goals to attract visitors to Kingman. Council made and seconded a motion to accept the bid; the vice mayor called for the ayes, and “motion carries” was announced.
No council member requested a recorded roll-call vote during the sale motion; the council’s action was recorded as approval.
