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Council reviews surplus city property list; staff reports steady interest from developers
Summary
Council discussion about surplus city lots found no new properties listed; staff said a developer expressed interest in multiple lots to build speculative homes and a prior buyer (Blue Dolphin) closed on four properties.
The Streator City Council reviewed an update on surplus city property and heard that the list remains largely unchanged from the prior year.
Staff said most addresses on the surplus list are the same as last year and reported one gentleman has inquired about buying multiple lots to assemble an investment group and build speculative homes. Staff also said a group dubbed Blue Dolphin (or similar) closed on four properties after walking the sites; staff noted a prior informal offer of $200 for a lot from an individual who lacked resources to develop it and expressed concerns the buyer might use the lot for temporary storage or camping.
Council discussed the sale process; staff said existing delegations permit city staff (Dave) to sign sale documents without returning to council for each transfer and that staff will continue outreach to interested buyers. Staff pointed to a triangular lot south of Bay near Sherman Park that appears to be a railroad break-off parcel and noted ongoing efforts to sell lots when inquiries arrive.
The item was discussion only; no formal sale actions or ordinance changes were taken at the meeting.
