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City staff orders appraisal for clinic property; appraisal expected in 3–4 weeks
Summary
City staff said an appraiser will begin work on an appraisal for the clinic property; the appraiser estimated completion in three to four weeks and the cost was estimated at about $5,000.
City staff told the Virginia City Council on Feb. 11 that an appraiser has been retained to produce an appraisal for the clinic property; staff said the appraiser would begin work immediately and expected to return a report in approximately three to four weeks.
Why it matters: An appraisal is a formal step in real-estate negotiations and informs the council’s decisions on lease terms or sale proposals.
City staff (Britt) reported that she had spoken with the appraiser, who will begin the appraisal process "as we are directed" and expects to deliver results within three to four weeks. Councillors asked whether there was an estimated cost; staff indicated the appraisal cost was about $5,000 and that it was within the city's purchasing limit. Staff also said they would send the appraiser the original construction and floor plans.
Ending: The council did not take further action on the clinic lease at the meeting; staff will return with the appraisal once completed.
