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Council members press administration on low sale prices for city lots; Kelly moves to defer one sale
Summary
Council members questioned why city lots were priced at roughly $7–$8 per square foot for adjacent sales, asked for appraisals and letters of intent, and voted to defer an item (2b) after the developer did not present.
Council members pressed the administration on the pricing and process for several redevelopment-sales listed as 7R2A through 7R2D during the Jan. 22 pre-meeting, raising concerns that some lots were being sold for very low per-square-foot prices.
Councilman Silva described a lot in the East Ward as effectively inaccessible except through an adjacent automotive business and said the site has been abandoned and neglected for decades. He said the buyer is the…
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