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Arkansas City land bank approves sale of 706 E. Madison Ave. to neighboring owners for $2,000
Summary
At a regular meeting, the Arkansas City land bank voted to transfer city-owned property at 706 East Madison Avenue to Bradley and Deborah Kimmel for $2,000; the parcel was acquired in a 1999 FEMA buyout and will require rezoning for the buyers' planned use.
The Arkansas City Land Bank voted to transfer city-owned property at 706 East Madison Avenue to Bradley and Deborah Kimmel for $2,000, the land bank confirmed during a regular meeting where the motion was moved, seconded and approved by voice vote.
The parcel was acquired in a FEMA buyout in 1999 and demolished at an estimated cost of about $12,000, with the demolition funds described as having come through FEMA-related programing, land bank staff said. Land bank staff also said the county's appraised value for the lot is $11,000, but the Kimmels offered…
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