Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Flood Buyout topic
No spam. Unsubscribe anytime.
Minot City Council approves $1.25 million flood buyout for 420 15th Street SE
Summary
The Minot City Council unanimously agreed Sept. 9 to concur with a purchase price of $1,250,000 for a flood buyout at 420 15th Street SE, with staff indicating the buyer requested a fast closing date.
The Minot City Council voted unanimously Sept. 9 to concur with a $1,250,000 purchase price for a flood buyout at 420 15th Street Southeast.
City Finance Director Dave said the amount was the seller’s “final and best offer,” and that the buyer requested a closing by Sept. 16, prompting staff to fast-track the transaction for council approval.
The buyout was presented as item 3.1 on the special meeting agenda. The council’s roll call and pledge preceded the item; the finance director explained the pricing and timeline before a motion was made and seconded. The council then voted; the minutes record that “The motion passed unanimously.”
Council members who spoke during the brief discussion praised staff work arranging the transaction. The council indicated the buyout is being processed quickly to meet the buyer’s requested timeline; staff said a second property buyout would be handled separately.
The city did not specify in the meeting record which funding source is being used for this purchase, nor did the council provide additional details about the property’s parcel number, the seller’s identity, or the timeline for demolition or land reuse. Those details were not stated during the recorded discussion and are therefore listed as not specified in the meeting record.
City staff said they will return with any follow-up items as needed for implementation.
