Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Acquisition topic
No spam. Unsubscribe anytime.
Beloit approves purchase of vacant lot at 514 Highland Avenue for neighborhood development
Summary
Council authorized purchase of a vacant lot at 514 Highland Avenue from the estate of Joan Rice for $10,000; the city will later market the property to a nonprofit partner to promote housing development in the Narsa neighborhood.
The Beloit City Council approved purchase of a vacant lot at 514 Highland Avenue for $10,000 from the estate of Joan Rice with the intent to resell it to a nonprofit partner to promote development in the Narsa neighborhood.
Staff said the lot is assessed at $10,500; the resolution authorizing purchase directs the city manager to then sell the parcel to a nonprofit to support housing development. Councilor Foreback moved approval; Councilor Dentsch seconded. The motion passed on a voice vote with no recorded opposition.
The purchase is intended to support future development activities in the neighborhood; staff did not provide a specific nonprofit buyer at the meeting.
