Council opens ordinance process to sell two city parcels to Vince Adore Rentals LLC for $17,500; buyer to pay closing costs

The City of Perry City Council on Jan. 28 voted to begin the ordinance process to sell two city-owned parcels to Vince Adore Rentals LLC for a combined purchase price of $17,500, with the buyer responsible for all survey, document-preparation and closing costs.

Council members opened discussion under agenda item 6(a) and heard from the prospective buyer, who identified himself as Adam. Adam said the intention is to use one parcel for parking and to explore amenities such as a spray ground and a family-oriented restaurant. "What I want to do is ... try to add, like, a spray ground and more traffic into the building, like, something for the kids," Adam said. He told the council he would need time to pursue financing and asked whether he must submit an offer immediately.

City officials told Adam the council's policy requires a sold parcel be offered at no less than the property-appraiser's assessed value and that a purchaser generally must assume costs for surveys, title insurance and document preparation. Council discussion noted prior sales followed the same process; one council member said the city typically requires the purchaser to pay all conveyance costs. The council also discussed notifying adjacent landowners and the possibility that other interested buyers could submit competing offers.

Council members agreed to move the ordinance forward. The mayor and staff told Adam the ordinance would be read at the next meeting and that a second reading is scheduled for Feb. 25; officials advised him not to begin significant improvements until the ordinance is finalized. "That'll be 17,500 to the City of Perry. All costs is gonna fall on you," a council member said to Adam during the discussion.

No formal appraisal amount beyond the assessed value was recorded in the discussion. The purchaser was told he could use financing and would have about 30–60 days to close after the ordinance process. The council did not approve a final conveyance at the Jan. 28 meeting; rather, it approved initiating the ordinance process and directing staff to prepare transaction documents consistent with council policy.

The council did not specify an attorney opinion on the sale in the public discussion, though one council member asked staff to confirm any legal constraints before completing the conveyance.

If the ordinance is adopted at the Feb. 25 meeting and all conditions are met, the parcels will be conveyed to Vince Adore Rentals LLC under the terms discussed on Jan. 28.

Ending: The purchaser was advised to consult his lender and await the second reading on Feb. 25 before undertaking improvements.